Fifth Third Bancorp Decreases Stake in Antero Resources Co. (NYSE:AR)

Fifth Third Bancorp lowered its position in Antero Resources Co. (NYSE:AR) by 11.0% in the 4th quarter, HoldingsChannel reports. The fund owned 4,770 shares of the oil and natural gas company’s stock after selling 592 shares during the period. Fifth Third Bancorp’s holdings in Antero Resources were worth $108,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in AR. PointState Capital LP purchased a new position in Antero Resources during the 1st quarter valued at about $126,793,000. Wellington Management Group LLP grew its holdings in Antero Resources by 55.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock valued at $200,036,000 after buying an additional 2,814,127 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Antero Resources by 66.1% during the 1st 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 in the last quarter. Renaissance Technologies LLC grew its holdings in Antero Resources by 83.8% during the 1st quarter. Renaissance Technologies LLC now owns 5,293,239 shares of the oil and natural gas company’s stock valued at $122,221,000 after buying an additional 2,414,100 shares in the last quarter. Finally, Palo Duro Investment Partners LP purchased a new position in Antero Resources during the 1st quarter valued at about $45,267,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE:AR opened at $30.23 on Wednesday. The business has a 50 day moving average of $25.62 and a 200 day moving average of $24.98. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 39.25 and a beta of 3.30. Antero Resources Co. has a 1-year low of $19.91 and a 1-year high of $30.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. On average, sell-side analysts predict that Antero Resources Co. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James lifted their target price on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Morgan Stanley boosted their price objective on Antero Resources from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Truist Financial cut their price objective on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Wells Fargo & Company boosted their price objective on Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Finally, Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Hold” and an average target price of $29.18.

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.