First Trust Advisors LP Has $40.35 Million Holdings in Antero Resources Co. (NYSE:AR)

First Trust Advisors LP grew its holdings in shares of Antero Resources Co. (NYSE:ARFree Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,779,182 shares of the oil and natural gas company’s stock after purchasing an additional 145,059 shares during the period. First Trust Advisors LP owned about 0.59% of Antero Resources worth $40,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AR. Wellington Management Group LLP grew its position in shares of Antero Resources by 55.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock worth $200,036,000 after purchasing an additional 2,814,127 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Antero Resources by 28.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after purchasing an additional 1,253,510 shares in the last quarter. Assenagon Asset Management S.A. grew 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 worth $34,205,000 after purchasing an additional 850,940 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Antero Resources by 414.9% during the 4th quarter. BNP Paribas Financial Markets now owns 571,213 shares of the oil and natural gas company’s stock worth $12,955,000 after purchasing an additional 460,279 shares in the last quarter. Finally, Kailix Advisors LLC grew its position in shares of Antero Resources by 28.4% during the 4th quarter. Kailix Advisors LLC now owns 1,914,213 shares of the oil and natural gas company’s stock worth $43,414,000 after purchasing an additional 423,017 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity

In other news, insider Sheri Pearce sold 16,377 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were 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 owns 77,460 shares of the company’s stock, valued at $2,749,830. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michael N. Kennedy sold 50,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the completion of the sale, the insider now directly owns 1,032,251 shares in the company, valued at $34,807,503.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Sheri Pearce sold 16,377 shares of the stock in a transaction 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 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 valued at $28,479,689. Insiders own 6.70% of the company’s stock.

Antero Resources Price Performance

AR stock opened at $34.02 on Friday. The company has a fifty day moving average price of $32.52 and a 200-day moving average price of $26.80. The company has a market capitalization of $10.57 billion, a P/E ratio of 170.10 and a beta of 3.28. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. 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 (NYSE:ARGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. As a group, equities analysts expect that Antero Resources Co. will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AR. Barclays began coverage on shares of Antero Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price target for the company. Mizuho upped their price target on shares of Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company upped their price target on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Truist Financial cut their price target on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Friday, April 26th. One equities research 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.00.

Check Out Our Latest Analysis on AR

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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