Glenorchy Capital Ltd Sells 968 Shares of Antero Resources Co. (NYSE:AR)

Glenorchy Capital Ltd trimmed its position in shares of Antero Resources Co. (NYSE:AR) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,895 shares of the oil and natural gas company’s stock after selling 968 shares during the quarter. Antero Resources makes up about 1.3% of Glenorchy Capital Ltd’s investment portfolio, making the stock its 21st biggest position. Glenorchy Capital Ltd’s holdings in Antero Resources were worth $2,240,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its holdings in Antero Resources by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after acquiring an additional 300 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Antero Resources by 2.3% during the fourth quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock valued at $493,000 after purchasing an additional 319 shares during the last quarter. Net Worth Advisory Group increased its holdings in shares of Antero Resources by 2.2% in the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock valued at $582,000 after purchasing an additional 354 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Antero Resources by 2.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock worth $503,000 after purchasing an additional 370 shares during the last quarter. Finally, Caprock Group LLC boosted its position in Antero Resources by 0.6% in the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock valued at $2,047,000 after buying an additional 374 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AR. The Goldman Sachs Group upped their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Barclays increased their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. increased their price target on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average target price of $42.39.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by insiders.

Antero Resources Stock Performance

AR opened at $38.69 on Friday. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 120.91 and a beta of 0.66. The business’s 50-day moving average price is $36.34 and its two-hundred day moving average price is $35.11. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $0.12 EPS. Antero Resources’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.