Annandale Capital LLC Boosts Stake in Antero Resources Co. (NYSE:AR)

Annandale Capital LLC increased its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 116.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,854 shares of the oil and natural gas company's stock after acquiring an additional 48,400 shares during the period. Annandale Capital LLC's holdings in Antero Resources were worth $3,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Antero Resources during the fourth quarter valued at approximately $140,020,000. Wellington Management Group LLP increased its position in shares of Antero Resources by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock valued at $689,135,000 after purchasing an additional 2,201,429 shares during the last quarter. Amundi lifted its stake in shares of Antero Resources by 117.9% in the 4th quarter. Amundi now owns 1,132,725 shares of the oil and natural gas company's stock worth $42,885,000 after purchasing an additional 612,997 shares during the period. Mercuria Capital Strategies LLC purchased a new position in shares of Antero Resources in the fourth quarter worth approximately $11,917,000. Finally, Franklin Resources Inc. grew its position in Antero Resources by 34.7% during the fourth quarter. Franklin Resources Inc. now owns 1,018,544 shares of the oil and natural gas company's stock valued at $35,700,000 after buying an additional 262,416 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

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Antero Resources Stock Performance

NYSE:AR traded down $2.51 during trading hours on Thursday, reaching $32.38. The company had a trading volume of 5,989,904 shares, compared to its average volume of 4,115,349. The firm has a market cap of $10.08 billion, a PE ratio of 100.64 and a beta of 3.08. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The business's 50 day moving average price is $37.99 and its 200-day moving average price is $34.18. 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 earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share 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%. Research analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's 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 completion of the transaction, the director now owns 1,800,000 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. 6.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays boosted their price target on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Mizuho lifted their price target on shares of Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Benchmark restated a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. Morgan Stanley reiterated an "overweight" rating and issued a $58.00 price target on shares of Antero Resources in a research note on Wednesday, March 26th. Finally, Truist Financial boosted their price objective on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $42.44.

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.