Aventail Capital Group LP increased its holdings in Antero Resources Corporation (NYSE:AR – Free Report) by 553.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,713,233 shares of the oil and natural gas company’s stock after purchasing an additional 1,451,091 shares during the period. Antero Resources accounts for 3.4% of Aventail Capital Group LP’s investment portfolio, making the stock its 5th largest holding. Aventail Capital Group LP’s holdings in Antero Resources were worth $59,038,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Annandale Capital LLC boosted its holdings in Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after buying an additional 300 shares during the period. Parallel Advisors LLC boosted its holdings in Antero Resources by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after buying an additional 301 shares during the period. Brooklyn Investment Group boosted its holdings in Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after purchasing an additional 305 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Antero Resources by 4.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock valued at $293,000 after purchasing an additional 343 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares during the period. 83.04% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, insider Michael N. Kennedy sold 185,826 shares of Antero Resources 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 completion of the sale, the insider directly owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider directly owned 277,665 shares of the company’s stock, valued at $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.10% of the company’s stock.
Antero Resources Stock Down 0.0%
Analyst Ratings Changes
Several research analysts have commented on AR shares. Williams Trading set a $56.00 price target on shares of Antero Resources in a report on Monday, April 20th. Citigroup raised their price target on shares of Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Morgan Stanley raised their price target on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Truist Financial started coverage on shares of Antero Resources in a report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price target for the company. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a report on Friday, May 1st. Four research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.06.
Get Our Latest Analysis on Antero Resources
About Antero Resources
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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Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corporation (NYSE:AR – Free Report).
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