Boston Partners Lowers Stake in Antero Resources Co. (NYSE:AR)

Boston Partners reduced its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,768 shares of the oil and natural gas company's stock after selling 31,821 shares during the period. Boston Partners' holdings in Antero Resources were worth $1,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of AR. Swiss National Bank increased its position in shares of Antero Resources by 1.6% during the third quarter. Swiss National Bank now owns 576,400 shares of the oil and natural gas company's stock worth $16,514,000 after acquiring an additional 9,300 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Antero Resources by 85.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company's stock worth $4,810,000 after purchasing an additional 77,193 shares during the period. Massachusetts Financial Services Co. MA raised its position 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 purchasing an additional 122,815 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Antero Resources by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company's stock valued at $55,278,000 after buying an additional 27,617 shares during the period. Finally, Citigroup Inc. grew its position in shares of Antero Resources by 15.9% during the third quarter. Citigroup Inc. now owns 178,053 shares of the oil and natural gas company's stock worth $5,101,000 after buying an additional 24,455 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related 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 of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 6.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AR has been the subject of a number of recent research reports. Mizuho lifted their price target on shares of Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. Barclays increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price target 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.24.

Antero Resources Stock Performance

Shares of NYSE:AR traded down $0.45 during midday trading on Wednesday, hitting $40.97. The stock had a trading volume of 3,796,064 shares, compared to its average volume of 3,925,046. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.44. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $38.49 and a two-hundred day moving average price of $33.32. The company has a market capitalization of $12.75 billion, a PE ratio of 128.03 and a beta of 3.38.

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 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, equities analysts predict that Antero Resources Co. will post 2.74 earnings per share 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.