Antero Midstream Corporation $AM Stock Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its holdings in shares of Antero Midstream Corporation (NYSE:AM – Free Report) by 14.0% during the third quarter, HoldingsChannel.com reports. The firm owned 203,026 shares of the pipeline company’s stock after selling 33,084 shares during the period. Oppenheimer & Co. Inc.’s holdings in Antero Midstream were worth $4,093,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Antero Midstream in the second quarter valued at approximately $869,045,000. Bank of New York Mellon Corp acquired a new position in shares of Antero Midstream during the 2nd quarter worth approximately $157,371,000. Kayne Anderson Capital Advisors LP acquired a new position in shares of Antero Midstream during the 2nd quarter worth approximately $49,883,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Antero Midstream during the 2nd quarter worth approximately $46,007,000. Finally, RR Advisors LLC purchased a new position in shares of Antero Midstream during the 2nd quarter valued at approximately $34,435,000. 53.97% of the stock is owned by institutional investors and hedge funds.

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Antero Midstream Stock Performance

NYSE AM opened at $21.52 on Friday. The stock’s fifty day moving average is $21.37 and its two-hundred day moving average is $21.53. The firm has a market capitalization of $10.22 billion, a P/E ratio of 15.16 and a beta of 0.72. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. Antero Midstream Corporation has a fifty-two week low of $16.96 and a fifty-two week high of $23.83.

Antero Midstream (NYSE:AM – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $327.02 million for the quarter, compared to analyst estimates of $340.62 million. Antero Midstream had a return on equity of 34.66% and a net margin of 53.45%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 EPS. On average, research analysts anticipate that Antero Midstream Corporation will post 1.23 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 11th. Investors of record on Wednesday, October 28th will be issued a $0.2250 dividend. The ex-dividend date is Wednesday, October 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.2%. Antero Midstream’s dividend payout ratio (DPR) is 107.14%.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 16,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the completion of the transaction, the insider directly owned 83,900 shares of the company’s stock, valued at $1,846,639. The trade was a 16.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brooks Klimley sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the sale, the director owned 68,204 shares in the company, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Capital One Financial raised shares of Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research note on Tuesday, September 22nd. UBS Group cut their price target on shares of Antero Midstream from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, September 21st. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Zacks Research downgraded shares of Antero Midstream from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Finally, The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Antero Midstream presently has an average rating of “Hold” and an average price target of $24.20.

Check Out Our Latest Report on Antero Midstream

About Antero Midstream

(Free Report)

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company’s services include gathering and compression, water handling and other infrastructure activities that help producers transport hydrocarbons from well sites to processing and takeaway facilities.

Antero Midstream primarily serves Antero Resources’ operations in the Appalachian Basin, particularly in West Virginia and Ohio.

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Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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