New York State Teachers Retirement System Lowers Stock Holdings in Antero Resources Corporation $AR

New York State Teachers Retirement System lessened its stake in Antero Resources Corporation (NYSE:AR) by 8.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 243,513 shares of the oil and natural gas company’s stock after selling 21,914 shares during the period. New York State Teachers Retirement System’s holdings in Antero Resources were worth $10,335,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of Antero Resources in the 3rd quarter valued at approximately $30,000. IFP Advisors Inc increased its holdings in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $41,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth approximately $44,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Antero Resources during the fourth quarter worth approximately $45,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on AR. Mizuho lifted their price objective on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. UBS Group upped their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. The Goldman Sachs Group reduced their target price on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Truist Financial initiated coverage on shares of Antero Resources in a report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 target price on the stock. Finally, Roth Mkm reiterated a “neutral” rating and set a $38.00 price target on shares of Antero Resources in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.35.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the business’s 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 sale, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the transaction, the insider directly owned 277,665 shares in the company, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.10% of the company’s stock.

Antero Resources Stock Down 0.1%

AR opened at $35.34 on Monday. 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 Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The stock has a market capitalization of $10.95 billion, a P/E ratio of 11.48 and a beta of 0.33. The business has a 50 day simple moving average of $36.13 and a 200-day simple moving average of $36.32.

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.