Mutual of America Capital Management LLC Cuts Stock Holdings in Antero Resources Co. (NYSE:AR)

Mutual of America Capital Management LLC lessened its holdings in Antero Resources Co. (NYSE:AR) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 174,274 shares of the oil and natural gas company’s stock after selling 8,974 shares during the period. Mutual of America Capital Management LLC’s holdings in Antero Resources were worth $3,953,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Captrust Financial Advisors lifted its holdings in 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 worth $939,000 after buying an additional 414 shares during the period. Mariner LLC lifted its stake in shares of Antero Resources by 4.1% during the 4th quarter. Mariner LLC now owns 10,688 shares of the oil and natural gas company’s stock worth $331,000 after purchasing an additional 425 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Antero Resources by 0.8% during the 3rd quarter. AQR Capital Management LLC now owns 77,589 shares of the oil and natural gas company’s stock worth $1,969,000 after purchasing an additional 578 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Antero Resources by 4.5% during the first quarter. Mercer Global Advisors Inc. ADV now owns 13,676 shares of the oil and natural gas company’s stock valued at $316,000 after purchasing an additional 595 shares in the last quarter. Finally, CWM LLC grew its stake in Antero Resources by 33.9% in the third quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company’s stock valued at $76,000 after purchasing an additional 757 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Antero Resources

In other news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the sale, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The sale 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 the firm’s stock in a transaction dated 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 directly owns 3,000,000 shares in the company, valued at $77,550,000. 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. Company insiders own 5.95% of the company’s stock.

Antero Resources Trading Up 0.4 %

NYSE AR opened at $29.12 on Wednesday. The company has a fifty day moving average of $26.41 and a 200 day moving average of $25.15. The company has a market capitalization of $8.84 billion, a PE ratio of 37.82 and a beta of 3.30. 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 Co. has a 1 year low of $19.91 and a 1 year high of $30.90.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Research analysts forecast that Antero Resources Co. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

AR has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of Antero Resources from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Truist Financial decreased 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 upped their target price on Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Barclays began coverage on shares of Antero Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Hold” and an average price target of $30.00.

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.