Capstone Investment Advisors LLC Sells 7,584 Shares of Antero Resources Co. (NYSE:AR)

Capstone Investment Advisors LLC reduced its position in shares of Antero Resources Co. (NYSE:ARFree Report) by 37.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,618 shares of the oil and natural gas company’s stock after selling 7,584 shares during the period. Capstone Investment Advisors LLC’s holdings in Antero Resources were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Oslo Asset Management AS boosted its holdings in Antero Resources by 150.0% during the fourth quarter. Oslo Asset Management AS now owns 300,000 shares of the oil and natural gas company’s stock valued at $6,804,000 after acquiring an additional 180,000 shares during the period. Cerity Partners LLC acquired a new stake in Antero Resources in the 4th quarter valued at approximately $1,015,000. Assenagon Asset Management S.A. increased its position in Antero Resources by 129.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company’s stock worth $34,205,000 after buying an additional 850,940 shares during the period. M&T Bank Corp boosted its position in shares of Antero Resources by 5.6% in the fourth quarter. M&T Bank Corp now owns 21,474 shares of the oil and natural gas company’s stock valued at $487,000 after acquiring an additional 1,141 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Antero Resources by 223.3% in the fourth quarter. National Bank of Canada FI now owns 121,911 shares of the oil and natural gas company’s stock worth $2,758,000 after acquiring an additional 84,201 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Up 1.5 %

Shares of NYSE:AR opened at $35.63 on Monday. The company’s fifty day moving average is $31.92 and its 200-day moving average is $26.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Antero Resources Co. has a 52 week low of $19.91 and a 52 week high of $35.83. The company has a market capitalization of $11.07 billion, a PE ratio of 178.15 and a beta of 3.27.

Antero Resources (NYSE:ARGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Equities research analysts predict that Antero Resources Co. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Friday, April 26th. Truist Financial lowered their price target on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Barclays began coverage on Antero Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. 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 company’s stock. According to MarketBeat, Antero Resources has an average rating of “Hold” and a consensus target price of $33.00.

View Our Latest Report on AR

Insider Activity

In related news, insider Sheri Pearce sold 16,377 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the sale, the insider now directly owns 77,460 shares in the company, valued at approximately $2,749,830. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sheri Pearce sold 16,377 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the completion of the transaction, the insider now directly owns 77,460 shares of the company’s stock, valued at $2,749,830. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 943,657 shares of company stock worth $28,479,689. Insiders own 6.70% of the company’s stock.

About Antero Resources

(Free Report)

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.

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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