Antero Resources Co. (NYSE:AR) Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group reduced its stake in Antero Resources Co. (NYSE:AR) by 38.3% in the first quarter, HoldingsChannel.com reports. The fund owned 10,242 shares of the oil and natural gas company’s stock after selling 6,355 shares during the quarter. Net Worth Advisory Group’s holdings in Antero Resources were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Antero Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock worth $1,036,603,000 after buying an additional 214,060 shares during the period. Wellington Management Group LLP boosted its position in shares of Antero Resources by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock worth $689,135,000 after buying an additional 2,201,429 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Antero Resources by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock worth $414,628,000 after buying an additional 1,274,760 shares during the period. Sourcerock Group LLC boosted its position in shares of Antero Resources by 3.8% during the fourth quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company’s stock worth $222,768,000 after buying an additional 231,068 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Antero Resources during the fourth quarter worth approximately $140,020,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Price Performance

NYSE AR opened at $39.97 on Friday. The stock has a market capitalization of $12.41 billion, a P/E ratio of 124.91 and a beta of 0.67. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The business’s fifty day moving average is $36.75 and its two-hundred day moving average is $36.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.10. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the sale, the insider now directly owns 306,819 shares of the company’s stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the sale, the director now directly owns 38,013 shares in the company, valued at approximately $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,125,200 shares of company stock valued at $45,887,466 in the last three months. 6.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AR. UBS Group upped their target price on Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. Wells Fargo & Company upped their target price on Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 19th. Mizuho upgraded Antero Resources from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.