Miller Howard Investments Inc. NY Sells 4,719 Shares of Antero Resources Corporation (NYSE:AR)

Miller Howard Investments Inc. NY trimmed its position in shares of Antero Resources Corporation (NYSE:AR) by 3.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 135,513 shares of the oil and natural gas company’s stock after selling 4,719 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Antero Resources were worth $5,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Antero Resources during the fourth quarter valued at about $968,000. Norden Group LLC bought a new position in shares of Antero Resources during the 4th quarter valued at approximately $262,000. SBI Securities Co. Ltd. purchased a new stake in Antero Resources in the 4th quarter worth approximately $76,000. Charles Schwab Investment Management Inc. raised its stake in Antero Resources by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,961,644 shares of the oil and natural gas company’s stock worth $68,756,000 after acquiring an additional 32,220 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Antero Resources by 17.0% during the fourth quarter. Victory Capital Management Inc. now owns 863,161 shares of the oil and natural gas company’s stock valued at $30,254,000 after purchasing an additional 125,471 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Mizuho upgraded Antero Resources from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Wells Fargo & Company decreased their target price on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, June 16th. JPMorgan Chase & Co. upped their price target on Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Morgan Stanley reiterated an “overweight” rating and set a $58.00 price objective on shares of Antero Resources in a research report on Wednesday, March 26th. Finally, TD Cowen raised shares of Antero Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $43.22.

Antero Resources Price Performance

Antero Resources stock opened at $37.44 on Wednesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $38.92 and a 200 day moving average price of $37.60. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.02. The stock has a market cap of $11.63 billion, a P/E ratio of 43.59 and a beta of 0.68.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. During the same period in the prior year, the business posted $0.12 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. Sell-side analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 25,200 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the transaction, the insider directly owned 306,819 shares in the company, valued at $12,229,805.34. This trade represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the sale, the director owned 38,013 shares in the company, valued at $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,125,200 shares of company stock valued at $45,887,466 in the last ninety days. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Company 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.