Mariner LLC Increases Stake in Antero Resources Co. (NYSE:AR)

Mariner LLC grew its position in Antero Resources Co. (NYSE:AR) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,306 shares of the oil and natural gas company’s stock after acquiring an additional 3,518 shares during the period. Mariner LLC’s holdings in Antero Resources were worth $1,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cooper Creek Partners Management LLC purchased a new stake in Antero Resources in the 4th quarter valued at approximately $31,565,000. Townsquare Capital LLC boosted its stake in shares of Antero Resources by 29.1% in the fourth quarter. Townsquare Capital LLC now owns 16,778 shares of the oil and natural gas company’s stock valued at $588,000 after buying an additional 3,782 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Antero Resources by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 17,192 shares of the oil and natural gas company’s stock worth $603,000 after acquiring an additional 6,133 shares during the period. Treasurer of the State of North Carolina raised its position in Antero Resources by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 127,550 shares of the oil and natural gas company’s stock worth $4,471,000 after acquiring an additional 800 shares in the last quarter. Finally, Polymer Capital Management US LLC acquired a new stake in Antero Resources in the fourth quarter valued at $248,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Raymond James increased their target price on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Truist Financial boosted their price target on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. TD Cowen raised Antero Resources from a “hold” rating to a “buy” rating and raised their price objective for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group lifted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.44.

Antero Resources Stock Performance

Shares of NYSE AR opened at $35.33 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $10.99 billion, a PE ratio of 110.41 and a beta of 3.08. The company has a 50-day simple moving average of $36.63 and a 200-day simple moving average of $34.57. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, equities analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.

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.