Mesirow Institutional Investment Management Inc. Boosts Holdings in Antero Resources Co. (NYSE:AR)

Mesirow Institutional Investment Management Inc. increased its holdings in Antero Resources Co. (NYSE:AR) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 554,234 shares of the oil and natural gas company’s stock after buying an additional 15,313 shares during the period. Antero Resources accounts for 1.5% of Mesirow Institutional Investment Management Inc.’s investment portfolio, making the stock its 8th biggest position. Mesirow Institutional Investment Management Inc.’s holdings in Antero Resources were worth $19,426,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. HighTower Advisors LLC grew its stake in Antero Resources by 21.5% during the third quarter. HighTower Advisors LLC now owns 18,432 shares of the oil and natural gas company’s stock valued at $532,000 after acquiring an additional 3,266 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Antero Resources in the third quarter worth $210,000. Franklin Resources Inc. raised its position in shares of Antero Resources by 40.6% in the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after buying an additional 218,517 shares in the last quarter. Confluence Investment Management LLC boosted its stake in Antero Resources by 6.4% during the fourth quarter. Confluence Investment Management LLC now owns 21,219 shares of the oil and natural gas company’s stock valued at $744,000 after buying an additional 1,280 shares during the period. Finally, GAMMA Investing LLC grew its position in Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after buying an additional 418 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Trading Up 0.1 %

NYSE:AR opened at $34.35 on Friday. The firm has a market capitalization of $10.69 billion, a P/E ratio of 107.33 and a beta of 3.08. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $37.22 and a 200 day moving average of $34.43. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63.

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Raymond James raised their price target on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their target price on shares of Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 19th. UBS Group increased their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $58.00 price objective on shares of Antero Resources in a report on Wednesday, March 26th. Finally, Truist Financial increased their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.44.

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.