Barnett & Company Inc. Increases Stake in Antero Resources Co. (NYSE:AR)

Barnett & Company Inc. grew its stake in Antero Resources Co. (NYSE:AR - Free Report) by 58.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,250 shares of the oil and natural gas company's stock after buying an additional 10,450 shares during the period. Barnett & Company Inc.'s holdings in Antero Resources were worth $990,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources during the 4th quarter valued at about $28,000. True Wealth Design LLC bought a new position in Antero Resources during the third quarter valued at approximately $30,000. Spire Wealth Management purchased a new position in shares of Antero Resources during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of 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 worth $48,000 after acquiring an additional 913 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after purchasing an additional 523 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. StockNews.com raised Antero Resources to a "sell" rating in a research note on Thursday, February 13th. Wells Fargo & Company increased their price target on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. UBS Group raised their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Raymond James upped their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and a consensus price target of $42.24.

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Insider Activity 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 stock was 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 owns 1,800,000 shares in the company, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by insiders.

Antero Resources Stock Performance

Shares of NYSE:AR traded up $0.15 during midday trading on Friday, reaching $39.68. 3,365,698 shares of the company's stock traded hands, compared to its average volume of 3,993,293. 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 one year low of $24.53 and a one year high of $42.63. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 124.01 and a beta of 3.38. The stock has a 50 day moving average of $38.47 and a 200 day moving average of $33.52.

Antero Resources (NYSE:AR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (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%. As a group, equities research analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal 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.