Antero Resources Co. (NYSE:AR) Position Increased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its position in Antero Resources Co. (NYSE:AR) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,550 shares of the oil and natural gas company’s stock after acquiring an additional 800 shares during the period. Treasurer of the State of North Carolina’s holdings in Antero Resources were worth $4,471,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Antero Resources by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock worth $1,036,603,000 after purchasing an additional 214,060 shares during the period. Wellington Management Group LLP boosted its position in shares of Antero Resources by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock worth $689,135,000 after buying an additional 2,201,429 shares during the period. Geode Capital Management LLC grew its holdings 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 buying an additional 61,490 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Antero Resources during the fourth quarter valued at $140,020,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Antero Resources by 7.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company’s stock worth $99,940,000 after acquiring an additional 186,727 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s 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 transaction, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.70% of the stock is owned by company insiders.

Antero Resources Stock Performance

Shares of AR opened at $33.14 on Tuesday. The company has a market capitalization of $10.31 billion, a PE ratio of 103.57 and a beta of 3.08. 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 Co. has a one year low of $24.53 and a one year high of $42.63. The company’s fifty day moving average price is $37.63 and its 200 day moving average price is $34.32.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping 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%. As a group, analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. The Goldman Sachs Group increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. TD Cowen upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and boosted their price target for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. Finally, Mizuho upped their price target on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.44.

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.