146,743 Shares in Antero Resources Co. (NYSE:AR) Purchased by Strs Ohio

Strs Ohio acquired a new position in shares of Antero Resources Co. (NYSE:AR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 146,743 shares of the oil and natural gas company’s stock, valued at approximately $3,328,000.

Other large investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC increased its holdings 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 worth $36,000 after buying an additional 1,027 shares during the last quarter. Planned Solutions Inc. purchased a new position in shares of Antero Resources in the fourth quarter worth about $45,000. Itau Unibanco Holding S.A. purchased a new position in shares of Antero Resources in the third quarter worth about $47,000. CWM LLC increased its stake in shares of 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 worth $76,000 after purchasing an additional 757 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Antero Resources by 3,532.9% in the first quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock worth $78,000 after purchasing an additional 2,473 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. 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 research note on Friday, April 5th. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, January 17th. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $36.00 in a research note on Wednesday. Scotiabank lifted their target price 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, April 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.69.

Antero Resources Price Performance

Shares of NYSE:AR opened at $28.86 on Friday. The company has a 50 day moving average of $26.71 and a 200 day moving average of $25.21. The stock has a market cap of $8.76 billion, a P/E ratio of 37.47 and a beta of 3.30. 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.

Antero Resources (NYSE:AR) last announced its earnings results 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 net margin of 5.19% and a return on equity of 2.10%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. As a group, sell-side analysts forecast that Antero Resources Co. will post 0.25 EPS 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 Antero Resources stock in a transaction that occurred 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 sale, the insider now directly 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 is available at the SEC website. In other Antero Resources 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 completion of the sale, the director now directly owns 3,793,022 shares in the company, valued at $99,187,525.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock worth $12,153,605 over the last three months. 5.95% of the stock is owned by insiders.

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.