Antero Resources Co. (NYSE:AR) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 330,948 shares of the oil and natural gas company's stock after selling 14,748 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Antero Resources worth $11,600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in 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 in the last quarter. Wellington Management Group LLP grew its holdings in shares of 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 worth $500,231,000 after purchasing an additional 675,053 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Antero Resources in the 4th quarter valued at about $140,020,000. Finally, Charles Schwab Investment Management Inc. boosted its position 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 period. Hedge funds and other institutional investors own 83.04% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Raymond James upped their price target on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. Barclays increased 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. Williams Trading set a $48.00 price objective on shares of Antero Resources in a research note on Wednesday, March 5th. Finally, Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.24.

Antero Resources Price Performance

Shares of Antero Resources stock traded up $0.15 during trading on Friday, reaching $39.68. The company's stock had a trading volume of 3,365,698 shares, compared to its average volume of 3,993,293. 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 Co. has a 12-month low of $24.53 and a 12-month high of $42.63. The company has a market capitalization of $12.35 billion, a P/E ratio of 124.01 and a beta of 3.38. The business has a 50 day moving average price of $38.47 and a 200-day moving average price of $33.63.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.