First Trust Advisors LP Grows Position in Antero Resources Co. (NYSE:AR)

First Trust Advisors LP lifted its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 31.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 762,636 shares of the oil and natural gas company's stock after buying an additional 180,543 shares during the quarter. First Trust Advisors LP owned approximately 0.25% of Antero Resources worth $26,730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased 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 period. Net Worth Advisory Group increased its holdings in Antero Resources by 2.2% during the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock worth $582,000 after purchasing an additional 354 shares during the period. Caprock Group LLC increased its holdings in Antero Resources by 0.6% during the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company's stock worth $2,047,000 after purchasing an additional 374 shares during the period. Global Retirement Partners LLC increased its holdings in Antero Resources by 7.8% during the 4th quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company's stock worth $187,000 after purchasing an additional 386 shares during the period. Finally, GAMMA Investing LLC increased 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 purchasing an additional 418 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred 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 approximately $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a filing 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 Up 0.7 %

Shares of Antero Resources stock traded up $0.24 during trading on Tuesday, reaching $36.17. The company's stock had a trading volume of 5,999,969 shares, compared to its average volume of 4,141,350. The company has a 50-day simple moving average of $36.54 and a two-hundred day simple moving average of $34.66. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 113.03 and a beta of 3.08.

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, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, equities analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AR. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and raised their price objective for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. Truist Financial raised their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a report on Monday, January 13th. JPMorgan Chase & Co. increased their target price on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Barclays increased their target price on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group increased their target price on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Antero Resources has a consensus rating of "Moderate Buy" and a consensus price target of $42.44.

Antero Resources 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.