Goehring & Rozencwajg Associates LLC Grows Stake in Antero Resources Corporation $AR

Goehring & Rozencwajg Associates LLC grew its stake in shares of Antero Resources Corporation (NYSE:AR) by 36.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,617,138 shares of the oil and natural gas company’s stock after acquiring an additional 433,518 shares during the quarter. Antero Resources comprises approximately 3.7% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 11th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Antero Resources were worth $68,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Brandywine Global Investment Management LLC increased its stake in Antero Resources by 77.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after purchasing an additional 94,260 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Antero Resources by 10.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock worth $22,743,000 after buying an additional 64,378 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Antero Resources by 1,399.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 67,016 shares of the oil and natural gas company’s stock valued at $2,309,000 after buying an additional 62,547 shares during the last quarter. Kailix Advisors LLC grew its holdings in shares of Antero Resources by 15.5% during the fourth quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company’s stock valued at $12,905,000 after buying an additional 50,150 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Antero Resources by 29.7% during the fourth quarter. Hantz Financial Services Inc. now owns 170,073 shares of the oil and natural gas company’s stock valued at $5,861,000 after acquiring an additional 38,939 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

AR stock opened at $33.58 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The company has a market cap of $10.40 billion, a P/E ratio of 10.90 and a beta of 0.33. The stock’s fifty day moving average price is $35.46 and its 200-day moving average price is $36.34.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AR shares. Jefferies Financial Group restated a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a report on Friday, May 1st. Weiss Ratings downgraded Antero Resources from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Citigroup lifted their target price on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. UBS Group decreased their price target on Antero Resources from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Zacks Research downgraded Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average price target of $49.12.

Insider Transactions at Antero Resources

In other news, insider Yvette K. Schultz sold 39,490 shares of the company’s 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 of the company’s stock, valued at $10,903,904.55. This represents a 12.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 1,085,192 shares in the company, valued at $42,680,601.36. This trade represents a 14.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is currently owned by corporate insiders.

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.