Amalgamated Bank Raises Stock Holdings in Antero Resources Co. (NYSE:AR)

Amalgamated Bank increased its position in shares of Antero Resources Co. (NYSE:AR) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,949 shares of the oil and natural gas company’s stock after purchasing an additional 552 shares during the period. Amalgamated Bank’s holdings in Antero Resources were worth $4,905,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources during the 4th quarter valued at about $28,000. True Wealth Design LLC purchased a new stake in Antero Resources in the 3rd quarter worth about $30,000. Spire Wealth Management purchased a new stake in Antero Resources in the fourth quarter worth $31,000. Capital Performance Advisors LLP bought a new position in Antero Resources in the 3rd quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after purchasing an additional 913 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on AR shares. StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday, February 13th. Truist Financial increased their price objective on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. Benchmark restated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. UBS Group raised their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped 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. 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 given a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.70% of the company’s stock.

Antero Resources Trading Down 4.1 %

Shares of Antero Resources stock opened at $35.53 on Friday. The stock has a market cap of $11.06 billion, a PE ratio of 111.05 and a beta of 3.33. The firm has a fifty day moving average price of $37.64 and a 200 day moving average price of $31.90. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $41.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Equities research analysts predict that Antero Resources Co. will post 2.74 earnings per share 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.