Allianz Asset Management GmbH Purchases 36,848 Shares of Antero Resources Co. (NYSE:AR)

Allianz Asset Management GmbH boosted its position in Antero Resources Co. (NYSE:ARFree Report) by 9.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 408,778 shares of the oil and natural gas company’s stock after purchasing an additional 36,848 shares during the quarter. Allianz Asset Management GmbH owned about 0.14% of Antero Resources worth $9,271,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AR. Oslo Asset Management AS lifted its position in shares of Antero Resources by 150.0% during the 4th 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 bought a new stake in shares of Antero Resources during the 4th quarter valued at $1,015,000. Assenagon Asset Management S.A. lifted its position in shares of Antero Resources by 129.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company’s stock valued at $34,205,000 after acquiring an additional 850,940 shares during the period. M&T Bank Corp lifted its position in shares of Antero Resources by 5.6% during the 4th 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 lifted its position in shares of Antero Resources by 223.3% during the 4th quarter. National Bank of Canada FI now owns 121,911 shares of the oil and natural gas company’s stock valued at $2,758,000 after acquiring an additional 84,201 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Michael N. Kennedy sold 50,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $33.72, for a total value of $1,686,000.00. Following the completion of the sale, the insider now owns 1,032,251 shares of the company’s stock, valued at $34,807,503.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Michael N. Kennedy sold 50,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $33.72, for a total value of $1,686,000.00. Following the completion of the sale, the insider now owns 1,032,251 shares of the company’s stock, valued at $34,807,503.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Clark sold 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the sale, the director now directly owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 943,657 shares of company stock valued at $28,479,689. Company insiders own 6.70% of the company’s stock.

Antero Resources Price Performance

Shares of AR opened at $35.12 on Tuesday. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The business has a 50-day simple moving average of $32.07 and a two-hundred day simple moving average of $26.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market cap of $10.92 billion, a PE ratio of 175.60 and a beta of 3.28.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Scotiabank upped their target price on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. Morgan Stanley upgraded 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 report on Wednesday, April 17th. StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Finally, Truist Financial lowered their price target on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Check Out Our Latest Report on Antero Resources

Antero Resources Company Profile

(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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