PNC Financial Services Group Inc. Trims Stake in Antero Resources Co. (NYSE:AR)

PNC Financial Services Group Inc. lowered its holdings in Antero Resources Co. (NYSE:ARFree Report) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,085 shares of the oil and natural gas company’s stock after selling 2,415 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Antero Resources were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AR. Wellington Management Group LLP raised its position in Antero Resources by 55.5% in the third quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock valued at $200,036,000 after purchasing an additional 2,814,127 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Antero Resources by 28.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after buying an additional 1,253,510 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of 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 valued at $34,205,000 after buying an additional 850,940 shares during the period. BNP Paribas Financial Markets lifted its stake in 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 acquiring an additional 460,279 shares in the last quarter. Finally, Kailix Advisors LLC lifted its stake in 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 acquiring an additional 423,017 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 2.1 %

AR opened at $32.61 on Friday. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28. The company has a market cap of $10.14 billion, a P/E ratio of 163.05 and a beta of 3.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The business’s 50-day simple moving average is $33.77 and its 200-day simple moving average is $28.24.

Antero Resources (NYSE:ARGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The oil and natural gas company reported $0.03 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 for the quarter, compared to the consensus estimate of $1.08 billion. As a group, equities research analysts expect that Antero Resources Co. will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Scotiabank increased their target price on Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. Truist Financial decreased their target price 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. StockNews.com raised Antero Resources to a “sell” rating in a research note on Friday, April 26th. The Goldman Sachs Group increased their target price on Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, JPMorgan Chase & Co. upped 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. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Antero Resources currently has a consensus rating of “Hold” and an average price target of $33.50.

Get Our Latest Stock Analysis on AR

Insider Activity at Antero Resources

In related news, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 300,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $34.23, for a total value of $10,269,000.00. Following the completion of the sale, the director now directly owns 2,162,993 shares of the company’s stock, valued at $74,039,250.39. The disclosure for this sale can be found here. Insiders sold a total of 476,377 shares of company stock valued at $16,326,084 in the last three months. 6.70% of the stock is currently owned by company insiders.

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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