Blair William & Co. IL Makes New $601,000 Investment in Antero Resources Co. (NYSE:AR)

Blair William & Co. IL bought a new stake in shares of Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,151 shares of the oil and natural gas company's stock, valued at approximately $601,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Townsquare Capital LLC boosted its holdings in shares of Antero Resources by 25.2% during the 3rd quarter. Townsquare Capital LLC now owns 12,996 shares of the oil and natural gas company's stock worth $372,000 after buying an additional 2,613 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Antero Resources by 1.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,622 shares of the oil and natural gas company's stock valued at $1,823,000 after purchasing an additional 1,216 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Antero Resources by 17.5% in the third quarter. Captrust Financial Advisors now owns 20,327 shares of the oil and natural gas company's stock worth $582,000 after purchasing an additional 3,022 shares during the period. HighTower Advisors LLC lifted its position in shares of Antero Resources by 21.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,432 shares of the oil and natural gas company's stock worth $532,000 after purchasing an additional 3,266 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its position in shares of Antero Resources by 4.2% during the 3rd quarter. Quadrature Capital Ltd now owns 39,216 shares of the oil and natural gas company's stock worth $1,124,000 after purchasing an additional 1,593 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

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Insider Activity

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 value of $7,952,000.00. Following the completion of the sale, the director now owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AR shares. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. Truist Financial increased their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. The Goldman Sachs Group increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley restated an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.44.

Antero Resources Price Performance

Shares of NYSE:AR traded down $1.94 during midday trading on Tuesday, reaching $32.21. The company's stock had a trading volume of 13,212,507 shares, compared to its average volume of 4,079,062. The business's fifty day simple moving average is $38.10 and its 200-day simple moving average is $34.14. 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 Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The company has a market capitalization of $10.02 billion, a P/E ratio of 100.66 and a beta of 3.08.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS 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, equities research analysts expect 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.