Charles Schwab Investment Management Inc. Grows Holdings in Antero Resources Corporation (NYSE:AR)

Charles Schwab Investment Management Inc. grew its holdings in shares of Antero Resources Corporation (NYSE:AR) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,003,424 shares of the oil and natural gas company’s stock after buying an additional 41,780 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.65% of Antero Resources worth $81,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in Antero Resources by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 17,192 shares of the oil and natural gas company’s stock worth $603,000 after buying an additional 6,133 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Antero Resources by 29.1% during the 4th quarter. Townsquare Capital LLC now owns 16,778 shares of the oil and natural gas company’s stock worth $588,000 after buying an additional 3,782 shares during the last quarter. Mariner LLC lifted its holdings in Antero Resources by 12.7% during the 4th quarter. Mariner LLC now owns 31,306 shares of the oil and natural gas company’s stock worth $1,097,000 after buying an additional 3,518 shares during the last quarter. Marshall Wace LLP bought a new position in Antero Resources during the 4th quarter worth approximately $9,123,000. Finally, Altshuler Shaham Ltd bought a new position in Antero Resources during the 4th quarter worth approximately $70,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 25,200 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the sale, the insider directly owned 306,819 shares in the company, valued at $12,229,805.34. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Antero Resources Stock Down 0.1%

AR opened at $32.31 on Thursday. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $9.98 billion, a P/E ratio of 20.58 and a beta of 0.64. The stock’s 50 day moving average price is $36.89 and its 200 day moving average price is $37.25.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned ($0.21) earnings per share. The firm’s revenue was up 32.6% compared to the same quarter last year. As a group, research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on AR. Scotiabank reaffirmed an “outperform” rating on shares of Antero Resources in a report on Wednesday. Mizuho raised Antero Resources from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Bank of America increased their target price on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Finally, Barclays raised their price target on Antero Resources from $38.00 to $43.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.65.

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.