Antero Resources Corporation (NYSE:AR) Shares Purchased by Fielder Capital Group LLC

Fielder Capital Group LLC increased its stake in shares of Antero Resources Corporation (NYSE:AR) by 3.7% during the 1st quarter, Holdings Channel reports. The fund owned 128,137 shares of the oil and natural gas company’s stock after purchasing an additional 4,526 shares during the quarter. Antero Resources makes up about 1.5% of Fielder Capital Group LLC’s investment portfolio, making the stock its 19th largest position. Fielder Capital Group LLC’s holdings in Antero Resources were worth $5,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in Antero Resources by 1.2% during the fourth quarter. American Century Companies Inc. now owns 174,202 shares of the oil and natural gas company’s stock worth $6,106,000 after purchasing an additional 2,143 shares in the last quarter. Sei Investments Co. boosted its position in Antero Resources by 7.3% during the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company’s stock worth $6,246,000 after purchasing an additional 12,156 shares in the last quarter. LPL Financial LLC boosted its position in Antero Resources by 486.0% during the fourth quarter. LPL Financial LLC now owns 157,501 shares of the oil and natural gas company’s stock worth $5,520,000 after purchasing an additional 130,623 shares in the last quarter. Blair William & Co. IL purchased a new position in Antero Resources during the fourth quarter worth approximately $601,000. Finally, Pictet Asset Management Holding SA boosted its position in Antero Resources by 5.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 40,507 shares of the oil and natural gas company’s stock worth $1,420,000 after purchasing an additional 2,000 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value of $1,532,684.16. Following the completion of the sale, the director directly owned 364,992 shares of the company’s stock, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the transaction, the insider directly owned 306,819 shares of the company’s stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,125,200 shares of company stock valued at $45,887,466 over the last ninety days. Insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AR shares. UBS Group increased their price target on Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Bank of America lifted their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Mizuho upgraded Antero Resources from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. Barclays lifted their price objective on Antero Resources from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. Finally, Scotiabank lifted their price objective on Antero Resources from $46.00 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.18.

Antero Resources Price Performance

AR stock opened at $32.49 on Monday. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.01. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $38.39 and a two-hundred day moving average of $37.82. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 37.78 and a beta of 0.68.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis. As a group, research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

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.