Fieldview Capital Management LLC Buys Shares of 18,830 Antero Resources Corporation $AR

Fieldview Capital Management LLC purchased a new stake in Antero Resources Corporation (NYSE:AR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,830 shares of the oil and natural gas company’s stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank lifted its holdings in shares of Antero Resources by 1.3% in the third quarter. Swiss National Bank now owns 572,000 shares of the oil and natural gas company’s stock worth $19,196,000 after acquiring an additional 7,200 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Antero Resources by 201.6% in the 3rd quarter. WINTON GROUP Ltd now owns 68,884 shares of the oil and natural gas company’s stock valued at $2,312,000 after purchasing an additional 46,045 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Antero Resources by 18.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 450,133 shares of the oil and natural gas company’s stock valued at $15,106,000 after purchasing an additional 68,643 shares during the last quarter. Fort Sheridan Advisors LLC increased its position in Antero Resources by 2.4% during the 3rd quarter. Fort Sheridan Advisors LLC now owns 29,924 shares of the oil and natural gas company’s stock worth $1,004,000 after purchasing an additional 698 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Antero Resources by 25.3% during the 3rd quarter. First Trust Advisors LP now owns 752,568 shares of the oil and natural gas company’s stock worth $25,256,000 after purchasing an additional 152,169 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $37.43 on Wednesday. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 18.53 and a beta of 0.52. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $44.01. The company’s fifty day moving average is $34.48 and its 200 day moving average is $33.83. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.13. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $0.48 EPS. Antero Resources’s revenue for the quarter was up 20.8% compared to the same quarter last year. Sell-side analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Insider Activity

In related news, insider Yvette K. Schultz sold 15,000 shares of Antero Resources stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $39.33, for a total value of $589,950.00. Following the transaction, the insider directly owned 319,122 shares of the company’s stock, valued at $12,551,068.26. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on AR. Mizuho set a $47.00 target price on shares of Antero Resources in a research report on Friday, December 12th. Jefferies Financial Group set a $50.00 price objective on Antero Resources in a report on Friday, February 13th. Wells Fargo & Company upped their target price on Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Thursday, March 5th. Finally, UBS Group lifted their price target on Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Four analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $45.87.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.