Mraz Amerine & Associates Inc. Acquires 9,988 Shares of Antero Resources Co. (NYSE:AR)

Mraz Amerine & Associates Inc. boosted its position in Antero Resources Co. (NYSE:AR) by 8.5% in the fourth quarter, HoldingsChannel reports. The firm owned 128,049 shares of the oil and natural gas company’s stock after buying an additional 9,988 shares during the quarter. Antero Resources accounts for about 0.6% of Mraz Amerine & Associates Inc.’s holdings, making the stock its 25th largest holding. Mraz Amerine & Associates Inc.’s holdings in Antero Resources were worth $2,904,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Antero Resources by 165.7% during 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 buying an additional 27,738 shares in the last quarter. US Bancorp DE lifted its stake in shares of Antero Resources by 3,532.9% during 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 buying an additional 2,473 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Antero Resources during the 1st quarter valued at approximately $220,000. Great West Life Assurance Co. Can lifted its stake in shares of Antero Resources by 20.8% during 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 buying an additional 4,311 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of Antero Resources during the 1st quarter valued at approximately $230,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Trading Up 0.1 %

Antero Resources stock traded up $0.04 during trading hours on Wednesday, reaching $29.16. The stock had a trading volume of 3,861,723 shares, compared to its average volume of 4,793,455. The stock has a market cap of $8.85 billion, a PE ratio of 37.87 and a beta of 3.30. Antero Resources Co. has a 52 week low of $19.91 and a 52 week high of $30.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The company has a fifty day simple moving average of $26.56 and a 200-day simple moving average of $25.18.

Antero Resources (NYSE:AR) last announced 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 analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. Analysts forecast that Antero Resources Co. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on AR shares. Benchmark cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, January 17th. Scotiabank increased their target price on shares of Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $26.00 to $36.00 in a research note on Wednesday. Finally, Raymond James raised their price objective on shares of Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.69.

Insiders Place Their Bets

In other news, 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 completion of the sale, the insider now directly owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction dated Thursday, March 14th. The shares were 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 directly owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock valued at $12,153,605 in the last quarter. Insiders own 5.95% of the company’s stock.

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.