Antero Resources Corporation $AR Shares Bought by Algert Global LLC

Algert Global LLC lifted its position in shares of Antero Resources Corporation (NYSE:AR) by 18.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,185 shares of the oil and natural gas company’s stock after purchasing an additional 85,171 shares during the period. Algert Global LLC owned about 0.17% of Antero Resources worth $18,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Antero Resources by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock valued at $1,200,249,000 after buying an additional 350,018 shares during the last quarter. Sourcerock Group LLC raised its holdings in Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after acquiring an additional 783,117 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock valued at $267,485,000 after acquiring an additional 1,922,977 shares during the last quarter. Invesco Ltd. grew its holdings in Antero Resources by 18.4% during the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after acquiring an additional 817,977 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Antero Resources by 3.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,508,542 shares of the oil and natural gas company’s stock worth $151,307,000 after acquiring an additional 140,416 shares in the last quarter. 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 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the completion of the sale, the insider owned 319,122 shares in the company, valued at approximately $12,551,068.26. This represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Antero Resources Stock Performance

AR stock opened at $41.02 on Friday. The company has a 50-day simple moving average of $34.84 and a 200 day simple moving average of $34.01. The company has a market capitalization of $12.65 billion, a P/E ratio of 20.30 and a beta of 0.52. 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 Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $44.01.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Bank of America boosted their price objective on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. UBS Group boosted their price target on Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Jefferies Financial Group set a $50.00 price objective on Antero Resources in a research note on Friday, February 13th. Mizuho set a $47.00 price objective on shares of Antero Resources in a report on Friday, December 12th. Finally, Wells Fargo & Company boosted their target price on shares of Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Four research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.