Antero Resources Corporation $AR Holdings Cut by Oxbow Advisors LLC

Oxbow Advisors LLC lowered its stake in shares of Antero Resources Corporation (NYSE:AR) by 93.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,752 shares of the oil and natural gas company’s stock after selling 136,599 shares during the period. Oxbow Advisors LLC’s holdings in Antero Resources were worth $414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Annandale Capital LLC increased its stake in shares of 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 worth $2,475,000 after acquiring an additional 300 shares during the last quarter. Parallel Advisors LLC boosted its position in Antero Resources by 16.7% during 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 purchasing an additional 301 shares during the last quarter. Brooklyn Investment Group grew 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 purchasing an additional 305 shares in the last quarter. Sequoia Financial Advisors LLC grew 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 purchasing an additional 343 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Antero Resources by 59.2% in the 3rd 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 during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Down 0.1%

Shares of AR stock opened at $35.34 on Friday. The stock’s 50 day simple moving average is $36.13 and its 200 day simple moving average is $36.31. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 11.48 and a beta of 0.33.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AR. Roth Mkm reiterated a “neutral” rating and set a $38.00 price target on shares of Antero Resources in a report on Thursday, April 30th. Morgan Stanley cut their price objective on shares of Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Mizuho increased their price target on shares of Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Williams Trading set a $56.00 price target on shares of Antero Resources in a report on Monday, April 20th. Finally, Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Five investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $49.35.

Insider Buying and Selling

In other news, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the completion of the sale, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider directly owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.10% of the company’s stock.

Antero Resources Company 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.