South Dakota Investment Council Has $3.11 Million Position in Antero Resources Co. (NYSE:AR)

South Dakota Investment Council lowered its stake in shares of Antero Resources Co. (NYSE:AR) by 64.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,803 shares of the oil and natural gas company’s stock after selling 161,931 shares during the quarter. South Dakota Investment Council’s holdings in Antero Resources were worth $3,113,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the fourth quarter worth approximately $28,000. True Wealth Design LLC bought a new stake in Antero Resources during the third quarter worth $30,000. Spire Wealth Management bought a new stake in Antero Resources during the fourth quarter worth $31,000. Capital Performance Advisors LLP bought a new stake in Antero Resources during the third quarter worth $45,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after purchasing an additional 913 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Down 3.4 %

Shares of NYSE:AR opened at $38.18 on Monday. The firm has a market cap of $11.88 billion, a P/E ratio of 119.30 and a beta of 3.33. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 12-month low of $24.43 and a 12-month high of $41.53. The business has a fifty day simple moving average of $37.17 and a 200 day simple moving average of $31.68.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current year.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AR shares. Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Bank of America started coverage on Antero Resources in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 target price for the company. Mizuho upped their target price on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, UBS Group increased their price target on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.44.

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.