Nisa Investment Advisors LLC Cuts Position in Antero Resources Co. (NYSE:AR)

Nisa Investment Advisors LLC lessened its stake in Antero Resources Co. (NYSE:AR) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,608 shares of the oil and natural gas company’s stock after selling 9,010 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Antero Resources were worth $2,463,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its stake in Antero Resources by 165.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 44,473 shares of the oil and natural gas company’s stock valued at $1,358,000 after acquiring an additional 27,738 shares during the last quarter. US Bancorp DE grew its stake in Antero Resources by 3,532.9% in the 1st quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock valued at $78,000 after acquiring an additional 2,473 shares during the last quarter. Bank of Montreal Can acquired a new stake in Antero Resources in the 1st quarter valued at about $220,000. Great West Life Assurance Co. Can grew its stake in Antero Resources by 20.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 25,046 shares of the oil and natural gas company’s stock valued at $813,000 after acquiring an additional 4,311 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in Antero Resources in the 1st quarter valued at about $230,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the topic of several analyst reports. Mizuho raised their price target on shares of Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Scotiabank raised their price target on shares of Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday. Barclays initiated coverage on shares of Antero Resources in a research note on Wednesday. They set an “equal weight” rating and a $32.00 price target on the stock. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, January 17th. Finally, Truist Financial decreased their price target on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.92.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’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 transaction, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the sale, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction that occurred 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 sale, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 467,280 shares of company stock worth $12,153,605. Company insiders own 5.95% of the company’s stock.

Antero Resources Trading Down 1.3 %

NYSE AR opened at $29.79 on Friday. Antero Resources Co. has a one year low of $19.91 and a one year high of $30.90. The company’s 50 day moving average price is $26.10 and its 200 day moving average price is $25.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 38.69 and a beta of 3.30.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. On average, sell-side analysts predict that Antero Resources Co. will post 0.25 EPS for the current year.

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.