Antero Resources Corporation $AR Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in Antero Resources Corporation (NYSE:AR) by 29.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,141 shares of the oil and natural gas company’s stock after purchasing an additional 16,758 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Antero Resources were worth $2,387,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AR. NewEdge Advisors LLC grew its position in Antero Resources by 16,498.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after purchasing an additional 9,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Antero Resources by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after buying an additional 43,312 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Antero Resources by 18.9% in the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after buying an additional 3,169 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Antero Resources during the second quarter worth $208,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Antero Resources by 13.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 13,879 shares of the oil and natural gas company’s stock worth $559,000 after buying an additional 1,664 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 15,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the transaction, the insider owned 319,122 shares in the company, valued at $12,551,068.26. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Benjamin A. Hardesty sold 12,000 shares of Antero Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the sale, the director directly owned 150,242 shares in the company, valued at $6,610,648. This represents a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

AR has been the topic of several research reports. Truist Financial assumed coverage on Antero Resources in a research report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 target price on the stock. Barclays boosted their target price on shares of Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. TD Cowen raised shares of Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. Morgan Stanley reduced their price objective on Antero Resources from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, Roth Mkm reissued a “neutral” rating and issued a $36.00 price objective on shares of Antero Resources in a report on Monday, December 8th. Five investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $40.89 on Thursday. The firm has a market cap of $12.61 billion, a PE ratio of 20.24 and a beta of 0.42. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $37.56 and a 200 day moving average price of $34.97.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.Antero Resources’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 earnings per share. Sell-side analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

About Antero Resources

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.