15,106 Shares in Antero Resources Corporation $AR Purchased by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. purchased a new position in Antero Resources Corporation (NYSE:AR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,106 shares of the oil and natural gas company’s stock, valued at approximately $641,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annandale Capital LLC increased its stake in shares of Antero Resources by 0.4% during the 3rd 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 during the last quarter. Parallel Advisors LLC boosted its position in shares of 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 worth $73,000 after acquiring an additional 301 shares during the last quarter. Brooklyn Investment Group grew its holdings 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 during the period. Sequoia Financial Advisors LLC grew its holdings 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 during the period. Finally, IFP Advisors Inc increased its position in Antero Resources by 59.2% during 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 during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling at Antero Resources

In related news, 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 transaction of $1,550,772.30. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the insider directly owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.10% of the company’s stock.

Antero Resources Price Performance

Antero Resources stock opened at $33.95 on Wednesday. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The firm has a fifty day moving average of $35.53 and a 200-day moving average of $36.34. The firm has a market capitalization of $10.52 billion, a P/E ratio of 11.02 and a beta of 0.33. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Bank of America increased their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings cut shares of Antero Resources from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. dropped their price objective on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Truist Financial cut their target price on Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $49.12.

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.