Victory Capital Management Inc. Boosts Stake in Antero Resources Co. (NYSE:AR)

Victory Capital Management Inc. raised its holdings in Antero Resources Co. (NYSE:AR – Get Rating) by 746.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 551,550 shares of the oil and natural gas company’s stock after buying an additional 486,359 shares during the period. Victory Capital Management Inc. owned approximately 0.18% of Antero Resources worth $16,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AR. Nisa Investment Advisors LLC raised its holdings in shares of Antero Resources by 0.4% in the third quarter. Nisa Investment Advisors LLC now owns 104,998 shares of the oil and natural gas company’s stock valued at $3,218,000 after buying an additional 370 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Antero Resources by 1.4% during the third quarter. Captrust Financial Advisors now owns 30,771 shares of the oil and natural gas company’s stock valued at $939,000 after buying an additional 414 shares during the period. Sanders Morris Harris LLC lifted its stake in shares of Antero Resources by 2.2% during the fourth quarter. Sanders Morris Harris LLC now owns 19,951 shares of the oil and natural gas company’s stock valued at $618,000 after buying an additional 424 shares during the period. Fifth Third Bancorp lifted its stake in shares of Antero Resources by 14.4% during the fourth quarter. Fifth Third Bancorp now owns 3,774 shares of the oil and natural gas company’s stock valued at $117,000 after buying an additional 474 shares during the period. Finally, Pin Oak Investment Advisors Inc. lifted its stake in shares of Antero Resources by 1.5% during the third quarter. Pin Oak Investment Advisors Inc. now owns 34,113 shares of the oil and natural gas company’s stock valued at $1,041,000 after buying an additional 510 shares during the period. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Insider Buying and Selling

In other Antero Resources news, insider Michael N. Kennedy sold 150,000 shares of Antero Resources stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $21.07, for a total value of $3,160,500.00. Following the transaction, the insider now owns 941,832 shares in the company, valued at $19,844,400.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.72% of the stock is owned by company insiders.

Antero Resources Trading Up 0.4 %

Shares of AR stock opened at $23.80 on Tuesday. Antero Resources Co. has a 1 year low of $20.06 and a 1 year high of $48.80. The firm’s fifty day simple moving average is $22.50 and its 200 day simple moving average is $27.85. The firm has a market capitalization of $7.14 billion, a P/E ratio of 3.40 and a beta of 3.46. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.18.

Antero Resources (NYSE:AR – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The oil and natural gas company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.21 billion. Antero Resources had a net margin of 29.24% and a return on equity of 23.30%. As a group, sell-side analysts predict that Antero Resources Co. will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wells Fargo & Company downgraded shares of Antero Resources from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $32.00 to $25.00 in a research note on Tuesday, April 11th. Morgan Stanley decreased their price objective on shares of Antero Resources from $25.00 to $24.00 in a report on Monday, May 15th. Mizuho raised their price target on shares of Antero Resources from $38.00 to $40.00 in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Antero Resources from $39.00 to $38.00 in a research report on Wednesday, March 29th. Finally, TheStreet upgraded shares of Antero Resources from a “c” rating to a “b-” rating in a research report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.08.

Antero Resources Company 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.