Antero Resources Co. (NYSE:AR) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC increased its stake in Antero Resources Co. (NYSE:ARFree Report) by 515,400.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,465 shares of the oil and natural gas company’s stock after purchasing an additional 15,462 shares during the quarter. Gradient Investments LLC’s holdings in Antero Resources were worth $351,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AR. Raymond James Financial Services Advisors Inc. lifted its holdings in Antero Resources by 165.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 44,473 shares of the oil and natural gas company’s stock worth $1,358,000 after purchasing an additional 27,738 shares during the period. US Bancorp DE lifted its holdings in Antero Resources by 3,532.9% in the 1st quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock valued at $78,000 after acquiring an additional 2,473 shares during the last quarter. Bank of Montreal Can acquired a new stake in Antero Resources in the 1st quarter valued at about $220,000. Great West Life Assurance Co. Can lifted its holdings in Antero Resources by 20.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 25,046 shares of the oil and natural gas company’s stock valued at $813,000 after acquiring an additional 4,311 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in Antero Resources in the 1st quarter valued at about $230,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock worth $12,153,605 in the last 90 days. Company insiders own 5.95% of the company’s stock.

Analyst Ratings Changes

AR has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Antero Resources from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday. Truist Financial upped their price target on shares of Antero Resources from $27.00 to $28.00 and gave the company a “hold” rating in a report on Friday, February 16th. Raymond James upped their price target on shares of Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Benchmark downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Mizuho boosted their price objective on Antero Resources from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Antero Resources presently has a consensus rating of “Hold” and a consensus price target of $29.18.

Read Our Latest Report on Antero Resources

Antero Resources Price Performance

NYSE AR opened at $29.00 on Friday. The company has a market cap of $8.80 billion, a PE ratio of 37.66 and a beta of 3.30. Antero Resources Co. has a 1 year low of $19.91 and a 1 year high of $30.90. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $24.63 and its two-hundred day moving average price is $24.80.

Antero Resources (NYSE:ARGet Free Report) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. On average, analysts predict that Antero Resources Co. will post 0.36 EPS for the current year.

Antero Resources Profile

(Free Report)

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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