Antero Resources Corporation $AR Stock Position Boosted by Gemsstock Ltd.

Gemsstock Ltd. boosted its holdings in Antero Resources Corporation (NYSE:AR) by 34.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 949,754 shares of the oil and natural gas company’s stock after purchasing an additional 241,700 shares during the quarter. Antero Resources makes up approximately 4.7% of Gemsstock Ltd.’s holdings, making the stock its 10th largest position. Gemsstock Ltd.’s holdings in Antero Resources were worth $32,729,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Annandale Capital LLC boosted its stake in Antero Resources by 0.4% in the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock valued at $2,475,000 after acquiring an additional 300 shares in the last quarter. Parallel Advisors LLC boosted its stake in Antero Resources by 16.7% in the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after acquiring an additional 301 shares in the last quarter. Brooklyn Investment Group boosted its stake in Antero Resources by 2.0% in the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after acquiring an additional 305 shares in the last quarter. Uhlmann Price Securities LLC boosted its stake in Antero Resources by 2.2% in the third quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock valued at $508,000 after acquiring an additional 325 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Antero Resources by 4.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock valued at $293,000 after acquiring an additional 343 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of AR opened at $34.80 on Friday. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 11.30 and a beta of 0.33. The firm has a 50-day simple moving average of $37.26 and a 200-day simple moving average of $36.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40.

Wall Street Analyst Weigh In

AR has been the subject of several research analyst reports. Mizuho upped their price objective on shares of Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Bank of America upped their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Zacks Research downgraded shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley upped their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Benchmark upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Thursday, March 5th. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.06.

Insider Transactions at Antero Resources

In other news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the sale, the insider owned 277,665 shares in the company, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin A. Hardesty sold 12,000 shares of the firm’s stock in a transaction dated 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 owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. The trade was a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 237,316 shares of company stock worth $9,387,309. Company insiders own 4.10% of the company’s stock.

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.