Retirement Systems of Alabama Acquires 1,271 Shares of Antero Resources Co. (NYSE:AR)

Retirement Systems of Alabama increased its stake in Antero Resources Co. (NYSE:AR) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 353,830 shares of the oil and natural gas company’s stock after buying an additional 1,271 shares during the quarter. Retirement Systems of Alabama owned 0.12% of Antero Resources worth $8,025,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its stake in Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after acquiring an additional 664 shares during the period. Planned Solutions Inc. purchased a new stake in shares of Antero Resources during the 4th quarter valued at approximately $45,000. Itau Unibanco Holding S.A. bought a new position in Antero Resources in the 3rd quarter worth approximately $47,000. GAMMA Investing LLC purchased a new position in Antero Resources in the 4th quarter valued at approximately $74,000. Finally, Payden & Rygel Investment Group bought a new stake in Antero Resources during the 3rd quarter valued at $99,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

AR has been the subject of several recent research reports. Barclays began coverage on Antero Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target for the company. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, January 17th. Raymond James increased their target price on shares of Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 24th. Benchmark lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Scotiabank increased their price objective on Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.08.

Insider Transactions at Antero Resources

In related news, Director Robert J. Clark sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the sale, the director now owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robert J. Clark sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the transaction, the director now owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were 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 of the company’s stock, valued at approximately $77,550,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 477,280 shares of company stock worth $12,490,305. Company insiders own 5.95% of the company’s stock.

Antero Resources Trading Up 1.5 %

NYSE AR opened at $33.14 on Friday. The firm has a market cap of $10.30 billion, a PE ratio of 165.70 and a beta of 3.27. Antero Resources Co. has a 1-year low of $19.91 and a 1-year high of $34.69. The stock has a 50-day moving average of $28.70 and a 200-day moving average of $25.69. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. As a group, sell-side analysts forecast that Antero Resources Co. will post 0.33 EPS for the current year.

Antero Resources Profile

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.