Cwm LLC Decreases Position in Antero Resources Co. (NYSE:AR)

Cwm LLC decreased its holdings in Antero Resources Co. (NYSE:AR) by 28.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,126 shares of the oil and natural gas company’s stock after selling 864 shares during the quarter. Cwm LLC’s holdings in Antero Resources were worth $48,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AR. Commonwealth Equity Services LLC lifted its stake in Antero Resources by 49.5% in 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 acquiring an additional 27,005 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Antero Resources by 166.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,651 shares of the oil and natural gas company’s stock valued at $1,184,000 after purchasing an additional 29,172 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Antero Resources by 21.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,876 shares of the oil and natural gas company’s stock valued at $1,444,000 after purchasing an additional 9,929 shares during the last quarter. Fifth Third Bancorp raised its holdings in Antero Resources by 17.0% during the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock worth $136,000 after purchasing an additional 781 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Antero Resources during the 3rd quarter worth approximately $517,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

AR opened at $34.40 on Friday. The stock’s 50 day simple moving average is $29.41 and its 200 day simple moving average is $25.85. The stock has a market cap of $10.69 billion, a P/E ratio of 172.00 and a beta of 3.27. Antero Resources Co. has a 1-year low of $19.91 and a 1-year high of $34.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

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, topping analysts’ consensus estimates of $0.18 by $0.04. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. As a group, equities analysts anticipate that Antero Resources Co. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AR has been the subject of a number of research analyst reports. Raymond James upped their target price on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $26.00 to $36.00 in a report on Wednesday, April 17th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Friday, April 26th. Benchmark lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company boosted their target price on Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources presently has an average rating of “Hold” and an average price target of $32.08.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $34.23, for a total transaction of $10,269,000.00. Following the sale, the director now owns 2,162,993 shares in the company, valued at $74,039,250.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director W Howard Keenan, Jr. sold 100,000 shares of Antero Resources stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total value of $3,453,000.00. Following the transaction, the director now directly owns 2,900,000 shares of the company’s stock, valued at approximately $100,137,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 300,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $34.23, for a total transaction of $10,269,000.00. Following the sale, the director now directly owns 2,162,993 shares of the company’s stock, valued at approximately $74,039,250.39. The disclosure for this sale can be found here. Insiders have sold a total of 877,280 shares of company stock valued at $26,212,305 over the last quarter. Insiders own 5.95% of the company’s stock.

About Antero Resources

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.