Antero Resources Corporation $AR Stock Holdings Lessened by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. reduced its holdings in Antero Resources Corporation (NYSE:AR) by 10.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 153,196 shares of the oil and natural gas company’s stock after selling 18,405 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Antero Resources were worth $5,279,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. State Street Corp lifted its position in shares of Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after buying an additional 116,461 shares during the last quarter. Sourcerock Group LLC increased its stake in Antero Resources by 10.6% during the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after buying an additional 783,117 shares during the period. Dimensional Fund Advisors LP increased its stake in Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock valued at $267,485,000 after buying an additional 1,922,977 shares during the period. Raymond James Financial Inc. increased its stake in Antero Resources by 3.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,508,542 shares of the oil and natural gas company’s stock valued at $151,307,000 after buying an additional 140,416 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Antero Resources by 111.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock worth $137,437,000 after purchasing an additional 2,099,755 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Insider Activity at Antero Resources

In related news, Director Benjamin A. Hardesty sold 12,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the transaction, the director directly owned 150,242 shares in the company, valued at $6,610,648. This represents a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the transaction, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 252,316 shares of company stock worth $9,977,259 in the last ninety days. 4.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Williams Trading set a $56.00 price objective on shares of Antero Resources in a research note on Monday, April 20th. Mizuho boosted their price objective on shares of Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Morgan Stanley boosted their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Citigroup lifted their target price on shares of Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Finally, UBS Group lifted their target price on shares of Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.

Antero Resources Price Performance

NYSE:AR opened at $36.29 on Wednesday. The stock has a market cap of $11.24 billion, a P/E ratio of 11.78 and a beta of 0.33. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The company has a fifty day moving average price of $38.66 and a 200 day moving average price of $36.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.