State of Alaska Department of Revenue Sells 3,045 Shares of Antero Resources Co. (NYSE:AR)

State of Alaska Department of Revenue lessened its position in Antero Resources Co. (NYSE:AR) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,507 shares of the oil and natural gas company’s stock after selling 3,045 shares during the period. State of Alaska Department of Revenue’s holdings in Antero Resources were worth $691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AR. Belpointe Asset Management LLC lifted its position in Antero Resources by 195.2% during the first quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock valued at $36,000 after purchasing an additional 1,027 shares during the period. Itau Unibanco Holding S.A. bought a new position in Antero Resources during the third quarter valued at approximately $47,000. Planned Solutions Inc. bought a new position in Antero Resources during the fourth quarter valued at approximately $45,000. US Bancorp DE lifted its position in Antero Resources by 3,532.9% during the first quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock valued at $78,000 after purchasing an additional 2,473 shares during the period. Finally, CWM LLC increased its holdings in Antero Resources by 33.9% during the third quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company’s stock valued at $76,000 after buying an additional 757 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction 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 Securities & Exchange Commission, which is available through the SEC website. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the transaction, 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. Insiders sold 467,280 shares of company stock worth $12,153,605 over the last 90 days. 5.95% of the stock is owned by insiders.

Antero Resources Stock Performance

AR opened at $30.20 on Friday. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 39.22 and a beta of 3.30. The company has a fifty day moving average of $25.94 and a 200 day moving average of $25.06. Antero Resources Co. has a fifty-two week low of $19.91 and a fifty-two week high of $30.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AR. Mizuho upped their target price on shares of Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Benchmark cut shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Truist Financial reduced their target price on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Scotiabank upped their target price on shares of Antero Resources from $26.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Raymond James upped their target price on shares of Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight 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, the company presently has an average rating of “Hold” and a consensus price target of $29.92.

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.