Antero Midstream Sees Unusually High Options Volume (NYSE:AM)

Antero Midstream Co. (NYSE:AM - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 7,677 call options on the stock. This represents an increase of approximately 274% compared to the average daily volume of 2,055 call options.

Antero Midstream Price Performance

AM remained flat at $16.13 during trading on Wednesday. 2,919,497 shares of the company's stock were exchanged, compared to its average volume of 2,245,921. 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 has a 1 year low of $11.58 and a 1 year high of $16.35. The company's 50 day moving average price is $15.34 and its two-hundred day moving average price is $14.95. The stock has a market capitalization of $7.76 billion, a P/E ratio of 19.91 and a beta of 2.34.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend is Wednesday, January 29th. Antero Midstream's payout ratio is currently 111.11%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com lowered shares of Antero Midstream from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Wells Fargo & Company lowered shares of Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price objective on the stock. in a research note on Wednesday, December 18th.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now owns 74,100 shares of the company's stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its holdings in shares of Antero Midstream by 10.5% in the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company's stock valued at $5,402,000 after purchasing an additional 34,222 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Antero Midstream by 98.6% in the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company's stock valued at $2,564,000 after purchasing an additional 86,001 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock valued at $28,686,000 after purchasing an additional 203,967 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company's stock valued at $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its holdings in shares of Antero Midstream by 23.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company's stock valued at $6,738,000 after purchasing an additional 85,416 shares during the last quarter. Institutional investors own 53.97% of the company's stock.

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.