CIBC Private Wealth Group LLC Has $13.88 Million Stock Position in Antero Resources Co. (NYSE:AR)

CIBC Private Wealth Group LLC increased its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 366,618 shares of the oil and natural gas company's stock after purchasing an additional 116,362 shares during the quarter. CIBC Private Wealth Group LLC owned 0.12% of Antero Resources worth $13,880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Antero Resources by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company's stock worth $1,036,603,000 after acquiring an additional 214,060 shares during the period. Wellington Management Group LLP raised its position in 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 valued at $500,231,000 after purchasing an additional 675,053 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 61,490 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Antero Resources in the 4th quarter valued at $140,020,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Antero Resources by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,961,644 shares of the oil and natural gas company's stock valued at $68,756,000 after purchasing an additional 32,220 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently weighed in on AR shares. Truist Financial upped their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Barclays raised their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. UBS Group raised their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Raymond James upped their price target on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.24.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business'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 transaction, the director now directly owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by company insiders.

Antero Resources Trading Down 13.8 %

Shares of AR traded down $5.36 during mid-day trading on Friday, reaching $33.43. 11,331,952 shares of the company were exchanged, compared to its average volume of 4,030,265. The business has a 50 day simple moving average of $38.35 and a two-hundred day simple moving average of $34.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $10.40 billion, a PE ratio of 104.47 and a beta of 3.38. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, 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.