Cerity Partners LLC cut its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,451 shares of the oil and natural gas company's stock after selling 61,795 shares during the period. Cerity Partners LLC owned about 0.07% of Antero Resources worth $7,692,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new stake in Antero Resources in the fourth quarter valued at about $28,000. Spire Wealth Management acquired a new stake in shares of Antero Resources in the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB lifted its stake in Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after acquiring an additional 913 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Antero Resources by 59.6% in the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after purchasing an additional 523 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in shares of Antero Resources during the 4th quarter worth about $56,000. 83.04% of the stock is owned by institutional investors.
Insider Transactions at Antero Resources
In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on AR. Williams Trading set a $48.00 price objective on Antero Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Wells Fargo & Company increased their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Finally, Truist Financial boosted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $42.44.
Check Out Our Latest Research Report on AR
Antero Resources Stock Performance
AR traded up $1.11 during trading on Wednesday, hitting $34.21. 3,151,805 shares of the company traded hands, compared to its average volume of 4,149,671. The stock's fifty day moving average is $37.52 and its 200 day moving average is $34.31. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a one year low of $24.53 and a one year high of $42.63. The firm has a market cap of $10.65 billion, a P/E ratio of 106.91 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, beating analysts' consensus estimates 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 predict that Antero Resources Co. will post 2.74 EPS for the current fiscal year.
About Antero Resources
(
Free Report)
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.
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