SIR Capital Management L.P. Sells 443,538 Shares of Antero Resources Corporation $AR

SIR Capital Management L.P. trimmed its stake in Antero Resources Corporation (NYSE:AR) by 46.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 514,666 shares of the oil and natural gas company’s stock after selling 443,538 shares during the period. Antero Resources comprises about 2.0% of SIR Capital Management L.P.’s investment portfolio, making the stock its 17th largest position. SIR Capital Management L.P. owned 0.17% of Antero Resources worth $17,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of AR. Sunbelt Securities Inc. acquired a new position in Antero Resources in the third quarter worth $30,000. IFP Advisors Inc boosted its stake in Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Antero Resources in the fourth quarter worth $41,000. Hilton Head Capital Partners LLC acquired a new position in Antero Resources in the fourth quarter worth $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in Antero Resources in the fourth quarter worth $45,000. 83.04% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the transaction, the insider directly owned 277,665 shares in the company, valued at $10,903,904.55. This trade represents a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 237,316 shares of company stock valued at $9,387,309 over the last 90 days. 4.10% of the stock is owned by company insiders.

Antero Resources Trading Up 1.7%

Shares of AR opened at $34.80 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The firm has a market capitalization of $10.78 billion, a PE ratio of 11.30 and a beta of 0.33. The stock’s fifty day simple moving average is $37.26 and its 200-day simple moving average is $36.46.

Analyst Ratings Changes

A number of research firms have commented on AR. Roth Mkm reissued a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a research note on Thursday, April 30th. Bank of America boosted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their price objective on Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Truist Financial began coverage on Antero Resources in a research note on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price objective on the stock. Finally, Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, March 5th. Four equities research 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. Based on data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $50.06.

Antero Resources Profile

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.