Antero Resources Co. (NYSE:AR) Shares Sold by US Bancorp DE

US Bancorp DE reduced its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,298 shares of the oil and natural gas company's stock after selling 67,331 shares during the quarter. US Bancorp DE's holdings in Antero Resources were worth $2,359,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AR. Wellington Management Group LLP lifted its stake in shares of Antero Resources by 4.0% in the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company's stock worth $500,231,000 after buying an additional 675,053 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock valued at $139,054,000 after acquiring an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Antero Resources by 10.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company's stock valued at $125,452,000 after buying an additional 411,549 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock valued at $76,342,000 after purchasing an additional 122,815 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Antero Resources by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company's stock worth $55,278,000 after buying an additional 27,617 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on AR. Citigroup lifted their target price on Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Wells Fargo & Company upgraded Antero Resources from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. StockNews.com raised Antero Resources to a "sell" rating in a report on Thursday, February 13th. Truist Financial lifted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a report on Monday, January 13th. Finally, UBS Group increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned 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 an average price target of $39.94.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction on 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 completion of the sale, the director now directly owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.70% of the company's stock.

Antero Resources Trading Up 3.3 %

AR stock traded up $1.14 on Tuesday, hitting $35.83. 5,079,717 shares of the company were exchanged, compared to its average volume of 5,013,842. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 111.98 and a beta of 3.38. The business's fifty day moving average is $37.99 and its two-hundred day moving average is $32.28. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $41.53. 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 issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share 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, research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current year.

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.