Antero Resources Co. (NYSE:AR) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its position in Antero Resources Co. (NYSE:AR) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 59,482 shares of the oil and natural gas company’s stock after purchasing an additional 300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Antero Resources were worth $2,085,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in Antero Resources in the 4th quarter valued at about $28,000. True Wealth Design LLC acquired a new position in Antero Resources in the 3rd quarter valued at about $30,000. Spire Wealth Management acquired a new position in Antero Resources in the 4th quarter valued at about $31,000. Capital Performance Advisors LLP acquired a new position in Antero Resources in the 3rd quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB raised its stake in Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after purchasing an additional 913 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insiders Place Their Bets

In other Antero Resources 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 value 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.70% of the stock is currently owned by company insiders.

Antero Resources Stock Up 3.1 %

Shares of NYSE:AR opened at $36.67 on Friday. The company has a market capitalization of $11.41 billion, a price-to-earnings ratio of 114.60 and a beta of 3.33. The company has a 50 day moving average of $37.64 and a two-hundred day moving average of $31.90. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $41.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AR has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. UBS Group upped their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Citigroup upped their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Truist Financial upped their price objective on shares of 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, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.44.

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.