Xponance Inc. Acquires 857 Shares of Antero Resources Co. (NYSE:AR)

Xponance Inc. boosted its position in Antero Resources Co. (NYSE:AR) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,724 shares of the oil and natural gas company’s stock after acquiring an additional 857 shares during the period. Xponance Inc.’s holdings in Antero Resources were worth $788,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. CWM LLC boosted 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 worth $76,000 after buying an additional 757 shares during the last quarter. Oak Thistle LLC bought a new position in Antero Resources during the third quarter worth about $1,062,000. Commonwealth Equity Services LLC boosted its holdings in Antero Resources by 49.5% during the third quarter. Commonwealth Equity Services LLC now owns 81,591 shares of the oil and natural gas company’s stock worth $2,071,000 after buying an additional 27,005 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Antero Resources by 166.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,651 shares of the oil and natural gas company’s stock worth $1,184,000 after buying an additional 29,172 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in Antero Resources during the third quarter worth about $246,000. Institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling at Antero Resources

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AR shares. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, January 17th. Morgan Stanley raised Antero Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $26.00 to $36.00 in a research report on Wednesday, April 17th. Benchmark cut Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Barclays started coverage on Antero Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price objective on the stock. Finally, Scotiabank lifted their price objective on Antero Resources from $26.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.69.

Antero Resources Trading Up 6.2 %

NYSE AR opened at $33.38 on Friday. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 43.35 and a beta of 3.30. The stock’s 50 day moving average price is $27.45 and its two-hundred day moving average price is $25.38. 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 Co. has a 52 week low of $19.91 and a 52 week high of $33.61.

Antero Resources (NYSE:AR) last released its earnings results on Thursday, April 25th. The oil and natural gas company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The company’s revenue was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, analysts anticipate that Antero Resources Co. will post 0.34 earnings per share for the current fiscal 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.