Antero Resources Co. (NYSE:AR) Shares Bought by Net Worth Advisory Group

Net Worth Advisory Group boosted its holdings in shares of Antero Resources Co. (NYSE:AR) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,597 shares of the oil and natural gas company’s stock after purchasing an additional 354 shares during the period. Net Worth Advisory Group’s holdings in Antero Resources were worth $582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Antero Resources in the 4th quarter valued at $140,020,000. HITE Hedge Asset Management LLC lifted its stake in Antero Resources by 537.2% during the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after buying an additional 804,851 shares in the last quarter. Wellington Management Group LLP lifted its stake in Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after buying an additional 675,053 shares in the last quarter. Amundi lifted its stake in Antero Resources by 117.9% during the fourth quarter. Amundi now owns 1,132,725 shares of the oil and natural gas company’s stock valued at $42,885,000 after buying an additional 612,997 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after buying an additional 411,549 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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 stock was 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 in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.70% of the company’s stock.

Antero Resources Price Performance

Shares of AR opened at $34.73 on Tuesday. The firm has a market cap of $10.81 billion, a PE ratio of 108.53 and a beta of 3.38. The firm’s 50 day moving average price is $37.99 and its 200 day moving average price is $32.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $41.53.

Antero Resources (NYSE:AR) last issued its quarterly earnings data 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 net margin of 2.31% and a return on equity of 0.74%. As a group, research analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Raymond James upped their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Barclays upped their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Truist Financial upped their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Finally, Citigroup upped their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.94.

About Antero Resources

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.