Antero Resources Co. (NYSE:AR) Shares Sold by Appaloosa LP

Appaloosa LP decreased its position in Antero Resources Co. (NYSE:AR - Free Report) by 51.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 840,000 shares of the oil and natural gas company's stock after selling 905,000 shares during the quarter. Appaloosa LP owned about 0.27% of Antero Resources worth $29,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Antero Resources by 4.0% during 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 purchasing an additional 675,053 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 worth $139,054,000 after buying an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company's stock worth $125,452,000 after buying an additional 411,549 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Antero Resources in the 4th quarter valued at about $140,020,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in Antero Resources by 4.8% in the 3rd 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 buying an additional 122,815 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

AR has been the topic of several research analyst reports. Raymond James raised 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 report on Thursday, January 23rd. UBS Group boosted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. The Goldman Sachs Group increased their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company raised Antero Resources from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, Citigroup upped their price target on Antero Resources from $29.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources has a consensus rating of "Moderate Buy" and a consensus price target of $40.47.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm'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 transaction, the director now directly owns 1,800,000 shares of the company's stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Stock Up 3.4 %

Antero Resources stock traded up $1.29 during midday trading on Monday, hitting $38.86. 3,419,984 shares of the stock were exchanged, compared to its average volume of 3,905,526. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The company has a 50 day moving average price of $38.08 and a two-hundred day moving average price of $32.60. The firm has a market cap of $12.09 billion, a P/E ratio of 121.43 and a beta of 3.38. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $41.53.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS 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%. On average, sell-side analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

About Antero Resources

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.