Antero Resources Co. (NYSE:AR) Stock Holdings Trimmed by Kailix Advisors LLC

Kailix Advisors LLC decreased its position in shares of Antero Resources Co. (NYSE:AR) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 490,405 shares of the oil and natural gas company’s stock after selling 114,380 shares during the period. Antero Resources makes up approximately 14.4% of Kailix Advisors LLC’s holdings, making the stock its 3rd largest holding. Kailix Advisors LLC owned approximately 0.16% of Antero Resources worth $17,189,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Mercuria Capital Strategies LLC bought a new position in shares of Antero Resources during the fourth quarter valued at about $11,917,000. Swiss National Bank grew its stake in shares of Antero Resources by 0.8% during the fourth quarter. Swiss National Bank now owns 581,100 shares of the oil and natural gas company’s stock valued at $20,368,000 after buying an additional 4,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Antero Resources by 37.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 230,565 shares of the oil and natural gas company’s stock valued at $8,081,000 after buying an additional 62,683 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Antero Resources by 464.0% in the fourth quarter. Farther Finance Advisors LLC now owns 21,901 shares of the oil and natural gas company’s stock worth $768,000 after purchasing an additional 18,018 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Antero Resources in the fourth quarter worth about $556,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Mizuho lifted their price objective on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday, February 13th. Truist Financial lifted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. The Goldman Sachs Group lifted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.94.

Antero Resources Stock Up 0.7 %

Shares of AR stock opened at $36.10 on Thursday. The stock has a market cap of $11.23 billion, a P/E ratio of 112.83 and a beta of 3.38. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $41.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $38.01 and its two-hundred day simple moving average is $32.42.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 EPS for the current fiscal year.

Antero Resources 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.