Antero Resources Corporation $AR Stake Boosted by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its position in shares of Antero Resources Corporation (NYSE:AR) by 241.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 913,158 shares of the oil and natural gas company’s stock after acquiring an additional 645,424 shares during the period. CIBC Private Wealth Group LLC owned about 0.30% of Antero Resources worth $30,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AR. Annandale Capital LLC increased its position in Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Antero Resources by 2.0% during the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after purchasing an additional 305 shares in the last quarter. Uhlmann Price Securities LLC lifted its holdings in shares of Antero Resources by 2.2% during the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock valued at $508,000 after buying an additional 325 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Antero Resources by 6.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock valued at $220,000 after buying an additional 328 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Antero Resources by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,840 shares of the oil and natural gas company’s stock valued at $129,000 after buying an additional 413 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insiders Place Their Bets

In related news, insider Yvette K. Schultz sold 15,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $39.33, for a total transaction of $589,950.00. Following the completion of the transaction, the insider directly owned 319,122 shares in the company, valued at $12,551,068.26. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the sale, the director directly owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. This trade represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AR. Morgan Stanley dropped their price objective on Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Barclays lifted their target price on shares of Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday. Bank of America boosted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Tudor Pickering upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, UBS Group raised their price target on shares of Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a report 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.00.

Antero Resources Stock Performance

AR opened at $43.31 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $35.58 and its two-hundred day moving average price is $34.27. The firm has a market capitalization of $13.36 billion, a P/E ratio of 21.44 and a beta of 0.52. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.37.

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

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.