De Lisle Partners LLP Buys 20,000 Shares of Antero Resources Corporation (NYSE:AR)

De Lisle Partners LLP raised its stake in shares of Antero Resources Corporation (NYSE:AR) by 100.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the oil and natural gas company’s stock after purchasing an additional 20,000 shares during the period. De Lisle Partners LLP’s holdings in Antero Resources were worth $1,619,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its position in shares of Antero Resources by 12.6% in the 4th 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 acquiring an additional 2,201,429 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Antero Resources by 12.1% in the 4th 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 acquiring an additional 1,274,760 shares in the last quarter. Sourcerock Group LLC raised its position in shares of Antero Resources by 3.8% in the 4th quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company’s stock worth $222,768,000 after acquiring an additional 231,068 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Antero Resources by 133.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company’s stock worth $151,406,000 after acquiring an additional 2,137,538 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Antero Resources by 7.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company’s stock worth $99,940,000 after acquiring an additional 186,727 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Price Performance

Shares of NYSE AR opened at $32.63 on Tuesday. Antero Resources Corporation has a twelve month low of $24.53 and a twelve month high of $44.01. The stock’s 50 day moving average price is $38.25 and its 200-day moving average price is $37.78. The company has a market capitalization of $10.13 billion, a PE ratio of 37.94 and a beta of 0.68. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. On average, equities analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AR. Mizuho raised 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. 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. TD Cowen raised Antero Resources from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. Bank of America boosted their target price on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Finally, Barclays boosted their target price on Antero Resources from $38.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $44.18.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total value of $1,532,684.16. Following the sale, the director 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the sale, the insider directly owned 306,819 shares in the company, valued at $12,229,805.34. This trade represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock worth $45,887,466 in the last ninety days. 6.70% of the stock is currently owned by insiders.

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.