Blue Trust Inc. Buys 4,225 Shares of Antero Resources Co. (NYSE:AR)

Blue Trust Inc. lifted its holdings in shares of Antero Resources Co. (NYSE:ARFree Report) by 741.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,795 shares of the oil and natural gas company’s stock after acquiring an additional 4,225 shares during the period. Blue Trust Inc.’s holdings in Antero Resources were worth $137,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AR. Vaughan Nelson Investment Management L.P. increased its position in Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after acquiring an additional 2,893,395 shares in the last quarter. Natixis Advisors LLC increased its position in Antero Resources by 488.7% in the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock valued at $46,624,000 after acquiring an additional 1,186,163 shares in the last quarter. Acadian Asset Management LLC increased its position in Antero Resources by 7,781.2% in the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after acquiring an additional 941,756 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Antero Resources in the 1st quarter valued at about $25,288,000. Finally, Castle Hook Partners LP increased its position in Antero Resources by 160.3% in the 1st quarter. Castle Hook Partners LP now owns 1,226,758 shares of the oil and natural gas company’s stock valued at $35,576,000 after acquiring an additional 755,439 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Performance

Shares of AR opened at $27.74 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The firm’s 50 day moving average price is $27.47 and its two-hundred day moving average price is $30.29. The firm has a market cap of $8.62 billion, a P/E ratio of 138.70 and a beta of 3.33.

Antero Resources (NYSE:ARGet Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The company had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. On average, analysts forecast that Antero Resources Co. will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the sale, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AR shares. UBS Group started coverage on shares of Antero Resources in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $33.00 price objective for the company. Citigroup initiated coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 target price on the stock. Barclays reduced their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Truist Financial reduced their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Finally, Jefferies Financial Group raised their target price on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $32.76.

Get Our Latest Stock Report on Antero Resources

Antero Resources 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.

Read More

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

Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.