Wellington Management Group LLP Boosts Stake in Antero Resources Co. (NYSE:AR)

Wellington Management Group LLP boosted its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,661,491 shares of the oil and natural gas company's stock after acquiring an additional 2,201,429 shares during the quarter. Wellington Management Group LLP owned about 6.32% of Antero Resources worth $689,135,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Antero Resources by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company's stock valued at $1,036,603,000 after purchasing an additional 214,060 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Antero Resources by 1.3% during 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 purchasing an additional 61,490 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Antero Resources during the fourth quarter valued at approximately $140,020,000. Charles Schwab Investment Management Inc. raised its stake in Antero Resources by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,961,644 shares of the oil and natural gas company's stock worth $68,756,000 after buying an additional 32,220 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in Antero Resources by 4.3% during the fourth quarter. William Blair Investment Management LLC now owns 1,434,147 shares of the oil and natural gas company's stock worth $50,267,000 after buying an additional 59,439 shares during the period. Institutional investors own 83.04% of the company's stock.

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Antero Resources Stock Performance

Shares of Antero Resources stock traded down $5.36 on Friday, reaching $33.43. 11,331,952 shares of the stock were exchanged, compared to its average volume of 4,030,265. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The business has a 50 day moving average price of $38.35 and a two-hundred day moving average price of $34.02. 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 firm has a market capitalization of $10.40 billion, a price-to-earnings ratio of 104.47 and a beta of 3.38.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 6.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on AR shares. Truist Financial boosted their price target on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Wells Fargo & Company boosted their target price on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. Morgan Stanley restated an "overweight" rating and issued a $58.00 price target on shares of Antero Resources in a report on Wednesday, March 26th. The Goldman Sachs Group boosted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Williams Trading set a $48.00 target price on shares of Antero Resources in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.24.

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.