Natixis Advisors LLC Sells 1,108,294 Shares of Antero Resources Co. (NYSE:AR)

Natixis Advisors LLC lowered its stake in shares of Antero Resources Co. (NYSE:AR) by 73.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 408,669 shares of the oil and natural gas company’s stock after selling 1,108,294 shares during the quarter. Natixis Advisors LLC’s holdings in Antero Resources were worth $14,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources in the 4th quarter worth $28,000. True Wealth Design LLC bought a new stake in shares of Antero Resources in the third quarter valued at about $30,000. Spire Wealth Management acquired a new stake in Antero Resources during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB increased 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 valued at $48,000 after acquiring an additional 913 shares during the period. Finally, UMB Bank n.a. increased its stake in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after acquiring an additional 523 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Up 2.9 %

Shares of NYSE AR opened at $41.02 on Thursday. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $41.53. The company has a 50-day moving average of $38.26 and a two-hundred day moving average of $32.84. The company has a market cap of $12.76 billion, a PE ratio of 128.18 and a beta of 3.38. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last posted its quarterly earnings data 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%. As a group, equities analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on AR shares. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Thursday, February 13th. Williams Trading set a $48.00 price objective on shares of Antero Resources in a report on Wednesday, March 5th. Wells Fargo & Company upped their target price on shares of Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Citigroup raised their price target on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.06.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.70% of the stock is owned by company insiders.

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.