Manchester Capital Management LLC Sells 375 Shares of Antero Resources Co. (NYSE:AR)

Manchester Capital Management LLC lowered its position in Antero Resources Co. (NYSE:AR) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,740 shares of the oil and natural gas company’s stock after selling 375 shares during the period. Manchester Capital Management LLC’s holdings in Antero Resources were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after acquiring an additional 12,062 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after acquiring an additional 61,490 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after acquiring an additional 122,815 shares in the last quarter. Capital CS Group LLC bought a new stake in shares of Antero Resources during the fourth quarter valued at approximately $615,000. Finally, Franklin Resources Inc. increased its holdings in Antero Resources by 40.6% during the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock valued at $21,209,000 after buying an additional 218,517 shares during the period. Institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AR. Mizuho lifted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Bank of America began coverage on shares of Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $39.44.

Antero Resources Trading Down 0.8 %

NYSE:AR opened at $39.84 on Friday. Antero Resources Co. has a 12 month low of $22.01 and a 12 month high of $41.53. The firm has a fifty day simple moving average of $36.43 and a 200-day simple moving average of $31.20. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $12.40 billion, a P/E ratio of 284.57 and a beta of 3.33.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%. On average, equities research analysts anticipate that Antero Resources Co. will post -0.11 earnings per share for the current year.

About Antero Resources

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.