Farther Finance Advisors LLC Acquires 20,290 Shares of Antero Resources Corporation $AR

Farther Finance Advisors LLC boosted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 91.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,426 shares of the oil and natural gas company’s stock after acquiring an additional 20,290 shares during the period. Farther Finance Advisors LLC’s holdings in Antero Resources were worth $1,462,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AR. Annandale Capital LLC grew its stake in shares of Antero Resources by 0.4% during the third 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 period. Brooklyn Investment Group boosted its holdings in Antero Resources by 2.0% during the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after buying an additional 305 shares during the last quarter. Uhlmann Price Securities LLC grew its position 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 worth $508,000 after buying an additional 325 shares during the period. IFP Advisors Inc grew its position in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the period. Finally, Smartleaf Asset Management LLC increased 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 acquiring an additional 413 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 15,000 shares of the firm’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 transaction of $589,950.00. Following the completion of the transaction, the insider directly owned 319,122 shares of the company’s stock, valued at $12,551,068.26. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin A. Hardesty sold 12,000 shares of Antero Resources stock in a transaction that occurred 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 owned 150,242 shares in the company, valued at $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. Corporate insiders own 6.30% of the company’s stock.

Antero Resources Trading Down 0.3%

Shares of NYSE:AR opened at $36.59 on Tuesday. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 18.11 and a beta of 0.42. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The company’s fifty day simple moving average is $38.53 and its 200 day simple moving average is $35.45. 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 for the quarter, topping 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 net margin of 12.02% and a return on equity of 6.71%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. As a group, research analysts forecast that Antero Resources Corporation will post 3.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AR has been the topic of several recent analyst reports. UBS Group lifted their price objective on shares of Antero Resources from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Wells Fargo & Company lifted their price target on shares of Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. TD Cowen raised shares of Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. Williams Trading set a $56.00 price objective on Antero Resources in a research note on Monday. Finally, Barclays boosted their target price on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Five research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

Antero Resources 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.