Wealth Enhancement Advisory Services LLC Sells 297 Shares of Antero Resources Co. (NYSE:AR)

Wealth Enhancement Advisory Services LLC lessened its position in Antero Resources Co. (NYSE:AR) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,472 shares of the oil and natural gas company’s stock after selling 297 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Antero Resources were worth $823,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Slate Path Capital LP bought a new stake in Antero Resources in the 4th quarter worth $35,471,000. Wealthfront Advisers LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at about $556,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock valued at $304,000 after purchasing an additional 7,983 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Antero Resources by 7.3% during the 4th quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company’s stock valued at $6,246,000 after purchasing an additional 12,156 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at about $968,000. Institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 1,061,987 shares of Antero Resources stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the completion of the sale, the director now directly owns 38,013 shares in the company, valued at $1,551,690.66. The trade was a 96.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the sale, the insider now owns 306,819 shares of the company’s stock, valued at $12,229,805.34. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,125,200 shares of company stock valued at $45,887,466. Insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

AR has been the topic of a number of research reports. Mizuho raised shares of Antero Resources from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. UBS Group lifted their target price on shares of Antero Resources from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Wells Fargo & Company lifted their target price on shares of Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. Barclays lifted their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Wall Street Zen raised shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.33.

Antero Resources Stock Up 0.7%

Shares of Antero Resources stock opened at $38.92 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $12.09 billion, a PE ratio of 121.63 and a beta of 0.67. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $42.63. The company has a 50-day simple moving average of $36.53 and a two-hundred day simple moving average of $36.62.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share. On average, analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Antero Resources Company Profile

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.