Sumitomo Mitsui Trust Group Inc. Takes $538,000 Position in Antero Resources Corporation (NYSE:AR)

Sumitomo Mitsui Trust Group Inc. bought a new stake in Antero Resources Corporation (NYSE:AR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,300 shares of the oil and natural gas company’s stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AR. Mascagni Wealth Management Inc. acquired a new stake in shares of Antero Resources during the 4th quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources in the 4th quarter valued at $35,000. Bessemer Group Inc. lifted its position in shares of Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after acquiring an additional 411 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Antero Resources during the 1st quarter worth $44,000. Finally, Sunbelt Securities Inc. bought a new position in Antero Resources in the 1st quarter valued at about $56,000. Institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total value of $1,532,684.16. Following the completion of the sale, the director owned 364,992 shares in the company, valued at $14,716,477.44. The trade was a 9.43% decrease in their position. The transaction 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 on Friday, May 16th. The shares were 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 directly owned 306,819 shares of the company’s stock, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,125,200 shares of company stock valued at $45,887,466. 6.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Raymond James Financial reiterated a “strong-buy” rating on shares of Antero Resources in a research report on Tuesday, May 13th. UBS Group boosted their price target on Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price objective on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Mizuho raised Antero Resources from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Finally, Bank of America raised their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $43.22.

Antero Resources Price Performance

Shares of NYSE AR opened at $37.31 on Friday. The company has a market capitalization of $11.58 billion, a PE ratio of 43.38 and a beta of 0.68. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17. Antero Resources Corporation has a twelve month low of $24.53 and a twelve month high of $44.02. The firm has a fifty day simple moving average of $39.08 and a 200 day simple moving average of $37.72.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company posted $0.12 EPS. The business’s quarterly revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Antero Resources 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.