Antero Resources Corporation $AR Shares Bought by Corigliano Investment Advisers LLC

Corigliano Investment Advisers LLC lifted its stake in Antero Resources Corporation (NYSE:AR) by 9.0% during the 4th quarter, HoldingsChannel reports. The fund owned 907,500 shares of the oil and natural gas company’s stock after buying an additional 75,000 shares during the period. Antero Resources comprises approximately 11.1% of Corigliano Investment Advisers LLC’s portfolio, making the stock its biggest holding. Corigliano Investment Advisers LLC’s holdings in Antero Resources were worth $31,272,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AR. CIBC Bancorp USA Inc. bought a new position in Antero Resources during the third quarter valued at about $77,294,000. Massachusetts Financial Services Co. MA lifted its position in shares of Antero Resources by 111.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock worth $137,437,000 after acquiring an additional 2,099,755 shares during the period. AQR Capital Management LLC grew its holdings in shares of Antero Resources by 140.2% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock worth $116,371,000 after purchasing an additional 2,023,828 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock worth $267,485,000 after purchasing an additional 1,922,977 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Antero Resources during the fourth quarter valued at approximately $58,831,000. Institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 39,490 shares of the 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 owned 277,665 shares in the company, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’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 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. 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 insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup lifted their price target on shares of Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. UBS Group increased their price objective on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Benchmark upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Thursday, March 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $57.00 target price on shares of Antero Resources in a research report on Friday, May 1st. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.06.

Antero Resources Stock Down 0.0%

NYSE AR opened at $33.90 on Thursday. The stock’s 50 day simple moving average is $36.87 and its 200 day simple moving average is $36.46. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The firm has a market cap of $10.50 billion, a PE ratio of 11.01 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

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.