California Public Employees Retirement System Sells 20,078 Shares of Antero Resources Co. (NYSE:AR)

California Public Employees Retirement System reduced its position in Antero Resources Co. (NYSE:AR - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 481,594 shares of the oil and natural gas company's stock after selling 20,078 shares during the period. California Public Employees Retirement System owned approximately 0.15% of Antero Resources worth $16,880,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AR. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the 4th quarter valued at approximately $28,000. Spire Wealth Management purchased a new position in shares of Antero Resources during the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB grew its position in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock worth $48,000 after buying an additional 913 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Antero Resources by 59.6% in the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after buying an additional 523 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in Antero Resources in the fourth quarter valued at $56,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AR. UBS Group raised their price objective 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. Truist Financial lifted their target price on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Williams Trading set a $48.00 price target on Antero Resources in a research report on Wednesday, March 5th. Wells Fargo & Company upped their price objective on Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. Finally, Barclays raised their target price on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. One investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.44.

Remove Ads

Antero Resources Price Performance

AR traded up $2.66 during trading on Wednesday, reaching $34.90. The stock had a trading volume of 11,183,175 shares, compared to its average volume of 4,107,001. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 109.07 and a beta of 3.08. The stock has a 50 day moving average of $37.99 and a two-hundred day moving average of $34.18. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

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

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm'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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.70% of the company's stock.

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.