SG Americas Securities LLC Invests $256,000 in Antero Resources Co. (NYSE:AR)

SG Americas Securities LLC purchased a new position in Antero Resources Co. (NYSE:AR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,277 shares of the oil and natural gas company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Diversified Trust Co purchased a new position in shares of Antero Resources in the 4th quarter worth $202,000. Vanguard Group Inc. raised its holdings in Antero Resources by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,520,782 shares of the oil and natural gas company’s stock worth $698,477,000 after purchasing an additional 113,864 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Antero Resources by 90.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 95,851 shares of the oil and natural gas company’s stock worth $2,433,000 after purchasing an additional 45,551 shares during the period. RR Advisors LLC raised its holdings in Antero Resources by 25.2% in the 3rd quarter. RR Advisors LLC now owns 204,000 shares of the oil and natural gas company’s stock worth $5,170,000 after purchasing an additional 41,000 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Antero Resources by 55.5% in the 3rd quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock worth $200,036,000 after purchasing an additional 2,814,127 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Antero Resources

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

Analyst Ratings Changes

A number of brokerages recently commented on AR. Truist Financial decreased their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Benchmark cut Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Morgan Stanley raised their target price on Antero Resources from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Wells Fargo & Company raised their price target on Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Finally, Mizuho raised their price target on Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.42.

Antero Resources Trading Up 0.8 %

Shares of AR stock opened at $30.49 on Thursday. Antero Resources Co. has a 12-month low of $19.91 and a 12-month high of $30.90. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $25.78 and its 200-day moving average price is $25.02. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 39.59 and a beta of 3.30.

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

Antero Resources Company 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.