6,400 Shares in Antero Resources Co. (NYSE:AR) Purchased by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. bought a new stake in shares of Antero Resources Co. (NYSE:AR) during the fourth quarter, Holdings Channel reports. The fund bought 6,400 shares of the oil and natural gas company’s stock, valued at approximately $228,000.

Several other large investors have also modified their holdings of the business. Janney Montgomery Scott LLC increased its holdings in Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after buying an additional 12,062 shares during the period. Geode Capital Management LLC raised its position in shares of Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after acquiring an additional 61,490 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Antero Resources during the 4th quarter worth $556,000. Allspring Global Investments Holdings LLC boosted its position in Antero Resources by 1,423.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock valued at $304,000 after purchasing an additional 7,983 shares in the last quarter. Finally, Capital CS Group LLC purchased a new position in Antero Resources in the fourth quarter valued at about $615,000. Institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on AR shares. Mizuho increased their price target on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Raymond James increased their price objective on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. UBS Group boosted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company increased their price target on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. One 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.24.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Trading Down 1.1 %

NYSE AR opened at $40.97 on Thursday. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $12.75 billion, a PE ratio of 128.03 and a beta of 3.38. The company has a fifty day moving average of $38.51 and a 200 day moving average of $33.37.

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 (EPS) for the quarter, beating 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%. Research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current 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.