Investors Buy High Volume of Put Options on Antero Midstream (NYSE:AM)

Antero Midstream Co. (NYSE:AM - Get Free Report) was the recipient of some unusual options trading on Tuesday. Investors bought 31,777 put options on the company. This is an increase of approximately 1,181% compared to the average daily volume of 2,480 put options.

Antero Midstream Stock Performance

NYSE:AM traded down $0.23 during trading on Friday, reaching $16.03. The company's stock had a trading volume of 5,204,152 shares, compared to its average volume of 2,689,498. Antero Midstream has a 12 month low of $11.58 and a 12 month high of $16.86. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 19.78 and a beta of 2.34. The firm has a 50 day moving average of $15.55 and a 200-day moving average of $15.08. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.62%. Antero Midstream's dividend payout ratio (DPR) is presently 111.11%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares of the company's stock, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Institutional Trading of Antero Midstream

Several hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Antero Midstream during the 3rd quarter worth approximately $38,000. Financial Management Professionals Inc. raised its stake in shares of Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after buying an additional 1,000 shares during the period. Blue Trust Inc. lifted its position in shares of Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after buying an additional 1,857 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Antero Midstream during the 3rd quarter worth $48,000. Finally, Abich Financial Wealth Management LLC raised its stake in Antero Midstream by 21.9% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company's stock valued at $68,000 after acquiring an additional 818 shares during the period. Institutional investors own 53.97% of the company's stock.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of analyst reports. Wells Fargo & Company lowered Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price target for the company. in a research report on Wednesday, December 18th. StockNews.com cut shares of Antero Midstream from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.