Prudential Financial Inc. Reduces Position in Antero Resources Co. (NYSE:AR)

Prudential Financial Inc. trimmed its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 97.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,956 shares of the oil and natural gas company's stock after selling 901,675 shares during the quarter. Prudential Financial Inc.'s holdings in Antero Resources were worth $770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AR. Raymond James Financial Inc. acquired a new stake in shares of Antero Resources during the fourth quarter valued at about $140,020,000. Amundi boosted its position in Antero Resources by 117.9% during the 4th quarter. Amundi now owns 1,132,725 shares of the oil and natural gas company's stock worth $42,885,000 after buying an additional 612,997 shares during the period. Mercuria Capital Strategies LLC bought a new stake in Antero Resources during the 4th quarter worth approximately $11,917,000. Van ECK Associates Corp increased its position in Antero Resources by 43.1% in the 4th quarter. Van ECK Associates Corp now owns 745,770 shares of the oil and natural gas company's stock valued at $26,139,000 after acquiring an additional 224,700 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Antero Resources by 40.6% during the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company's stock valued at $21,209,000 after acquiring an additional 218,517 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

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Antero Resources Stock Up 3.6 %

Shares of Antero Resources stock traded up $1.13 on Friday, hitting $33.05. The company had a trading volume of 7,274,776 shares, compared to its average volume of 4,142,497. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 103.30 and a beta of 3.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The stock has a 50 day moving average of $37.75 and a 200-day moving average of $34.24.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating 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, sell-side analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.70% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AR shares. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. The Goldman Sachs Group lifted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Truist Financial increased their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Morgan Stanley reaffirmed an "overweight" rating and issued a $58.00 price objective on shares of Antero Resources in a research note on Wednesday, March 26th. Finally, Raymond James lifted their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.