Clear Harbor Asset Management LLC Decreases Stake in Antero Resources Co. (NYSE:AR)

Clear Harbor Asset Management LLC lessened its stake in Antero Resources Co. (NYSE:AR) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,595 shares of the oil and natural gas company’s stock after selling 2,300 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Antero Resources were worth $1,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of Antero Resources by 165.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 44,473 shares of the oil and natural gas company’s stock valued at $1,358,000 after purchasing an additional 27,738 shares in the last quarter. US Bancorp DE raised its position in shares of Antero Resources by 3,532.9% in the 1st quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock valued at $78,000 after purchasing an additional 2,473 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Antero Resources in the 1st quarter valued at approximately $220,000. Great West Life Assurance Co. Can raised its position in shares of Antero Resources by 20.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 25,046 shares of the oil and natural gas company’s stock valued at $813,000 after purchasing an additional 4,311 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in shares of Antero Resources during the 1st quarter valued at approximately $230,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 467,280 shares of company stock valued at $12,153,605. 5.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AR has been the topic of several research reports. Wells Fargo & Company upped their price target on Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Raymond James upped their price target on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. upped their price target on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.18.

Antero Resources Stock Performance

NYSE AR traded up $0.28 during trading hours on Thursday, hitting $29.00. The company had a trading volume of 5,788,468 shares, compared to its average volume of 4,981,233. Antero Resources Co. has a fifty-two week low of $19.91 and a fifty-two week high of $30.90. The firm has a market cap of $8.80 billion, a P/E ratio of 37.66 and a beta of 3.30. The business has a fifty day simple moving average of $24.48 and a 200-day simple moving average of $24.80. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Equities analysts predict that Antero Resources Co. will post 0.66 EPS for the current year.

Antero Resources Profile

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.