Antero Resources Corporation $AR Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its stake in Antero Resources Corporation (NYSE:AR) by 22.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,301,860 shares of the oil and natural gas company’s stock after selling 373,441 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.42% of Antero Resources worth $44,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after acquiring an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after purchasing an additional 43,312 shares during the period. Focus Partners Wealth boosted its stake in Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after purchasing an additional 3,169 shares during the period. Legal & General Group Plc grew its position in Antero Resources by 4.8% in the 2nd quarter. Legal & General Group Plc now owns 581,854 shares of the oil and natural gas company’s stock worth $23,437,000 after purchasing an additional 26,610 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Antero Resources by 1.5% in the 2nd quarter. Franklin Resources Inc. now owns 874,825 shares of the oil and natural gas company’s stock worth $35,238,000 after purchasing an additional 12,831 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 2.0%

AR stock opened at $43.39 on Wednesday. The firm’s 50-day moving average is $36.24 and its two-hundred day moving average is $34.53. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 21.48 and a beta of 0.52. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.37. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18.

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

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 15,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider owned 319,122 shares in the company, valued at $12,551,068.26. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Benjamin A. Hardesty sold 12,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the sale, the director owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. This trade represents a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AR. TD Cowen raised Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $39.00 price objective (down from $44.00) on shares of Antero Resources in a report on Monday, December 8th. UBS Group raised their target price on Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Mizuho set a $47.00 target price on Antero Resources in a research note on Friday, December 12th. Finally, Morgan Stanley reduced their price target on Antero Resources from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.63.

Antero Resources Company Profile

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.