Gemsstock Ltd. grew its position in shares of Antero Resources Corporation (NYSE:AR – Free Report) by 34.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 949,754 shares of the oil and natural gas company’s stock after purchasing an additional 241,700 shares during the period. Antero Resources makes up about 4.7% of Gemsstock Ltd.’s holdings, making the stock its 10th largest holding. Gemsstock Ltd. owned about 0.31% of Antero Resources worth $32,729,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in Antero Resources during the third quarter worth $30,000. IFP Advisors Inc increased its position in shares of Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 345 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth $41,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth $44,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Antero Resources during the fourth quarter worth $45,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on AR. Weiss Ratings lowered Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Bank of America upped their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Williams Trading set a $56.00 price objective on Antero Resources in a research report on Monday, April 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Antero Resources in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.
Antero Resources Stock Performance
NYSE:AR opened at $34.80 on Friday. The firm has a market capitalization of $10.78 billion, a PE ratio of 11.30 and a beta of 0.33. The business’s fifty day moving average price is $37.26 and its 200 day moving average price is $36.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75.
Insider Activity 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 value of $528,000.00. Following the transaction, the director owned 150,242 shares of the company’s stock, valued at $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 completion of the transaction, the insider directly owned 277,665 shares in the company, valued at $10,903,904.55. This trade represents a 12.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 237,316 shares of company stock valued at $9,387,309 over the last quarter. 4.10% of the stock is owned by insiders.
Antero Resources Company Profile
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.
Read More
- Five stocks we like better than Antero Resources
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.
