Antero Resources Corporation $AR Shares Purchased by S&CO Inc.

S&CO Inc. boosted its holdings in Antero Resources Corporation (NYSE:AR) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 479,399 shares of the oil and natural gas company’s stock after acquiring an additional 15,001 shares during the period. Antero Resources accounts for about 1.0% of S&CO Inc.’s portfolio, making the stock its 23rd largest holding. S&CO Inc. owned approximately 0.16% of Antero Resources worth $16,520,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Antero Resources by 16,498.3% in the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Antero Resources by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after purchasing an additional 43,312 shares during the period. Focus Partners Wealth raised its position in Antero Resources by 18.9% in the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after purchasing an additional 3,169 shares during the period. EverSource Wealth Advisors LLC raised its position in Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Antero Resources by 22.5% in the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after purchasing an additional 6,700 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AR shares. UBS Group upped their price objective on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Citigroup increased their target price on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, March 5th. TD Cowen upgraded shares of Antero Resources to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Wells Fargo & Company upped their price objective on shares of Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Five equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Antero Resources presently has a consensus rating of “Buy” and a consensus target price of $49.63.

Antero Resources Price Performance

AR stock opened at $38.22 on Friday. The firm has a 50 day moving average of $39.41 and a 200-day moving average of $36.04. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.35 and a beta of 0.36. The company has a current ratio of 0.40, a quick 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.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, equities analysts expect that Antero Resources Corporation will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In related news, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the sale, the director owned 150,242 shares of the company’s stock, valued at $6,610,648. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yvette K. Schultz sold 39,490 shares of the 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 sale, the insider directly owned 277,665 shares in the company, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 252,316 shares of company stock worth $9,977,259. 6.30% of the stock is owned by corporate insiders.

About Antero Resources

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.