SailingStone Capital Partners LLC Grows Holdings in Antero Resources Corporation $AR

SailingStone Capital Partners LLC lifted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 60.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 869,229 shares of the oil and natural gas company’s stock after buying an additional 326,071 shares during the quarter. Antero Resources accounts for about 7.5% of SailingStone Capital Partners LLC’s investment portfolio, making the stock its 6th largest holding. SailingStone Capital Partners LLC’s holdings in Antero Resources were worth $29,954,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Atom Investors LP purchased a new position in shares of Antero Resources in the fourth quarter valued at about $2,591,000. Captrust Financial Advisors boosted its stake in shares of Antero Resources by 17.8% during the 4th quarter. Captrust Financial Advisors now owns 74,707 shares of the oil and natural gas company’s stock valued at $2,574,000 after purchasing an additional 11,288 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of Antero Resources during the 4th quarter valued at about $1,512,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Antero Resources by 4.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 25,524 shares of the oil and natural gas company’s stock valued at $880,000 after purchasing an additional 1,148 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at about $3,736,000. Institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the transaction, the insider directly owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction dated Monday, May 4th. The stock was 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 directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 237,316 shares of company stock valued at $9,387,309. Insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the topic of a number of research reports. Mizuho lifted their target price on shares of Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. 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. Bank of America lifted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Truist Financial assumed coverage on shares of Antero Resources in a research note on Tuesday, March 24th. They set a “buy” rating and a $56.00 target price on the stock. Finally, Morgan Stanley lifted their price target 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. Four research 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. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average target price of $50.06.

Antero Resources Stock Down 0.3%

Shares of Antero Resources stock opened at $33.91 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $10.51 billion, a PE ratio of 11.01 and a beta of 0.33. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The company has a 50-day simple moving average of $37.00 and a two-hundred day simple moving average of $36.47.

About Antero Resources

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.