Envestnet Asset Management Inc. Raises Stock Position in Antero Resources Co. (NYSE:AR)

Envestnet Asset Management Inc. raised its stake in shares of Antero Resources Co. (NYSE:AR – Get Rating) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,247 shares of the oil and natural gas company’s stock after purchasing an additional 6,693 shares during the period. Envestnet Asset Management Inc.’s holdings in Antero Resources were worth $1,743,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AR. PointState Capital LP purchased a new stake in shares of Antero Resources during the first quarter worth approximately $126,793,000. Goldman Sachs Group Inc. raised its position in shares of Antero Resources by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock valued at $193,043,000 after buying an additional 2,517,137 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Antero Resources by 104.6% in the third quarter. First Trust Advisors LP now owns 3,999,179 shares of the oil and natural gas company’s stock worth $122,095,000 after buying an additional 2,044,464 shares in the last quarter. Renaissance Technologies LLC grew its stake in Antero Resources by 266.7% during the 1st quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and natural gas company’s stock valued at $74,808,000 after acquiring an additional 1,782,100 shares in the last quarter. Finally, Fred Alger Management LLC raised its holdings in Antero Resources by 274.1% in the 3rd quarter. Fred Alger Management LLC now owns 1,794,041 shares of the oil and natural gas company’s stock valued at $54,772,000 after acquiring an additional 1,314,506 shares during the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Antero Resources Trading Down 0.0 %

AR opened at $23.70 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. The firm has a market cap of $7.11 billion, a P/E ratio of 3.38 and a beta of 3.46. Antero Resources Co. has a 52 week low of $20.06 and a 52 week high of $48.80. The business has a fifty day simple moving average of $22.48 and a 200-day simple moving average of $27.93.

Antero Resources (NYSE:AR – Get Rating) last released its earnings results on Wednesday, April 26th. The oil and natural gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.21 billion. Antero Resources had a net margin of 29.24% and a return on equity of 23.30%. On average, equities analysts expect that Antero Resources Co. will post 1.62 earnings per share for the current year.

Insider Activity at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 150,000 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $21.07, for a total transaction of $3,160,500.00. Following the sale, the insider now directly owns 941,832 shares in the company, valued at approximately $19,844,400.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 5.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets lowered Antero Resources from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $31.00 to $28.00 in a research report on Wednesday, March 22nd. Benchmark cut their target price on Antero Resources from $40.00 to $36.00 in a research note on Thursday, April 27th. Wells Fargo & Company cut shares of Antero Resources from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $32.00 to $25.00 in a research report on Tuesday, April 11th. Raymond James cut shares of Antero Resources from an “outperform” rating to a “market perform” rating in a research report on Monday, February 6th. Finally, Truist Financial decreased their target price on shares of Antero Resources from $33.00 to $30.00 in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.08.

Antero Resources Profile

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Antero Resources Corp. engages in the development, production, exploration and acquisition of natural gas. It operates through the following segments: Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream. The Exploration and Production segment deals with the development and production of natural gas, NGLs, and oil.