KLP Kapitalforvaltning AS Makes New $2.11 Million Investment in Antero Resources Co. (NYSE:AR)

KLP Kapitalforvaltning AS acquired a new stake in shares of Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 60,200 shares of the oil and natural gas company's stock, valued at approximately $2,110,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AR. Raymond James Financial Inc. bought a new position in shares of Antero Resources in the 4th quarter worth about $140,020,000. HITE Hedge Asset Management LLC grew its holdings in Antero Resources by 537.2% in the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company's stock worth $27,352,000 after purchasing an additional 804,851 shares during the period. Wellington Management Group LLP grew its holdings in Antero Resources by 4.0% in the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company's stock worth $500,231,000 after purchasing an additional 675,053 shares during the period. Amundi increased its stake in shares of Antero Resources by 117.9% during the fourth quarter. Amundi now owns 1,132,725 shares of the oil and natural gas company's stock valued at $42,885,000 after purchasing an additional 612,997 shares in the last quarter. Finally, Mercuria Capital Strategies LLC purchased a new position in shares of Antero Resources during the fourth quarter valued at approximately $11,917,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.70% of the stock is owned by corporate insiders.

Remove Ads

Antero Resources Stock Performance

Antero Resources stock traded up $0.46 during mid-day trading on Tuesday, reaching $40.90. 2,955,245 shares of the stock traded hands, compared to its average volume of 3,990,527. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $42.63. The business's 50-day moving average is $38.49 and its 200-day moving average is $33.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $12.73 billion, a PE ratio of 127.80 and a beta of 3.38.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results 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%. As a group, sell-side analysts predict that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Williams Trading set a $48.00 price target on Antero Resources in a report on Wednesday, March 5th. Wells Fargo & Company upped their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. Mizuho increased their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Finally, Raymond James lifted their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Antero Resources has a consensus rating of "Moderate Buy" and an average target price of $42.24.

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.