Cwm LLC Decreases Stock Holdings in Antero Resources Co. (NYSE:AR)

Cwm LLC reduced its position in shares of Antero Resources Co. (NYSE:AR) by 28.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,126 shares of the oil and natural gas company’s stock after selling 864 shares during the period. Cwm LLC’s holdings in Antero Resources were worth $48,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Antero Resources by 55.5% in the third quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock worth $200,036,000 after buying an additional 2,814,127 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Antero Resources by 129.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company’s stock valued at $34,205,000 after purchasing an additional 850,940 shares in the last quarter. Victory Capital Management Inc. grew its stake in Antero Resources by 865.0% in the third quarter. Victory Capital Management Inc. now owns 680,576 shares of the oil and natural gas company’s stock worth $17,273,000 after purchasing an additional 610,051 shares during the period. Mesirow Institutional Investment Management Inc. bought a new position in Antero Resources in the third quarter worth $13,182,000. Finally, Goodman Financial Corp purchased a new position in Antero Resources during the third quarter valued at $11,273,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Up 1.1 %

Shares of AR opened at $34.40 on Friday. Antero Resources Co. has a 12-month low of $19.91 and a 12-month high of $34.99. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $10.69 billion, a PE ratio of 172.00 and a beta of 3.27. The business’s 50 day moving average is $29.41 and its 200 day moving average is $25.85.

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

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the transaction, the director now directly owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction dated 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 completion of 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 document filed with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $34.53, for a total value of $3,453,000.00. Following the sale, the director now owns 2,900,000 shares in the company, valued at $100,137,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 877,280 shares of company stock valued at $26,212,305. Insiders own 5.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. Morgan Stanley raised Antero Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. Barclays assumed coverage on Antero Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 target price on the stock. Truist Financial reduced their price target on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Finally, Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Antero Resources has an average rating of “Hold” and an average target price of $32.08.

Antero Resources Company 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.