Teacher Retirement System of Texas Acquires 45,259 Shares of Antero Resources Co. (NYSE:AR)

Teacher Retirement System of Texas lifted its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 94.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,168 shares of the oil and natural gas company's stock after purchasing an additional 45,259 shares during the period. Teacher Retirement System of Texas' holdings in Antero Resources were worth $3,266,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its holdings in Antero Resources by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company's stock worth $2,085,000 after purchasing an additional 300 shares during the last quarter. Net Worth Advisory Group raised its stake in shares of Antero Resources by 2.2% during the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock worth $582,000 after buying an additional 354 shares during the last quarter. Caprock Group LLC lifted its holdings in Antero Resources by 0.6% in the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company's stock valued at $2,047,000 after buying an additional 374 shares during the period. Global Retirement Partners LLC boosted its stake in Antero Resources by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company's stock valued at $187,000 after acquiring an additional 386 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Antero Resources by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company's stock worth $107,000 after acquiring an additional 418 shares during the period. 83.04% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of research firms have recently weighed in on AR. Williams Trading set a $48.00 price target on Antero Resources in a research note on Wednesday, March 5th. Truist Financial raised their target price on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Benchmark restated a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. The Goldman Sachs Group increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Citigroup lifted their target price on Antero Resources from $29.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.24.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is owned by corporate insiders.

Antero Resources Stock Performance

AR traded down $0.02 during trading on Friday, hitting $39.51. The stock had a trading volume of 839,375 shares, compared to its average volume of 3,990,706. Antero Resources Co. has a one year low of $24.53 and a one year high of $42.63. The company has a 50 day moving average price of $38.49 and a 200-day moving average price of $33.42. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 123.42 and a beta of 3.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR - Get Free Report) last announced 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, research analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

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.