Fieldview Capital Management LLC increased its position in shares of Antero Resources Corporation (NYSE:AR – Free Report) by 329.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,840 shares of the oil and natural gas company’s stock after acquiring an additional 62,010 shares during the quarter. Fieldview Capital Management LLC’s holdings in Antero Resources were worth $2,786,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in Antero Resources during the 3rd quarter worth approximately $30,000. IFP Advisors Inc boosted its stake in Antero Resources by 59.2% during the 3rd 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 last quarter. Los Angeles Capital Management LLC bought a new position in Antero Resources during the 4th quarter worth approximately $41,000. Hilton Head Capital Partners LLC bought a new position in Antero Resources during the 4th quarter worth approximately $44,000. Finally, SBI Okasan Asset Management Co.Ltd. bought a new position in Antero Resources during the 4th quarter worth approximately $45,000. Institutional investors own 83.04% of the company’s stock.
Analysts Set New Price Targets
AR has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a research note on Friday, May 1st. Zacks Research lowered shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley lifted their price target on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Williams Trading set a $56.00 price target on shares of Antero Resources in a research note on Monday, April 20th. Finally, Barclays lifted their price target on shares of Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Four investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.06.
Insider Transactions at Antero Resources
In related news, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the director owned 150,242 shares in the company, valued at approximately $6,610,648. The trade was a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 237,316 shares of company stock valued at $9,387,309 over the last 90 days. 4.10% of the stock is owned by corporate insiders.
Antero Resources Stock Performance
Shares of AR stock opened at $34.80 on Friday. The company’s fifty day simple moving average is $37.26 and its 200-day simple moving average is $36.46. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The firm has a market cap of $10.78 billion, a PE ratio of 11.30 and a beta of 0.33. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75.
Antero Resources 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.
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