Dimensional Fund Advisors LP Increases Position in Antero Resources Co. (NYSE:AR)

Dimensional Fund Advisors LP grew its stake in Antero Resources Co. (NYSE:AR - Free Report) by 12.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,829,263 shares of the oil and natural gas company's stock after acquiring an additional 1,274,760 shares during the period. Dimensional Fund Advisors LP owned about 3.80% of Antero Resources worth $414,628,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in AR. Raymond James Financial Inc. purchased a new position in Antero Resources in the 4th quarter valued at approximately $140,020,000. Wellington Management Group LLP boosted its stake in shares of Antero Resources by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock valued at $689,135,000 after buying an additional 2,201,429 shares during the period. Cooper Creek Partners Management LLC acquired a new position in shares of Antero Resources during the fourth quarter worth about $31,565,000. Amundi raised its holdings in Antero Resources by 117.9% in the fourth quarter. Amundi now owns 1,132,725 shares of the oil and natural gas company's stock valued at $42,885,000 after acquiring an additional 612,997 shares in the last quarter. Finally, Mercuria Capital Strategies LLC purchased a new position in Antero Resources in the fourth quarter worth approximately $11,917,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director now owns 1,800,000 shares of the company's stock, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is currently owned by insiders.

Antero Resources Trading Up 4.4 %

Shares of Antero Resources stock traded up $1.44 during mid-day trading on Wednesday, hitting $34.27. 6,491,574 shares of the stock were exchanged, compared to its average volume of 4,172,854. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The company has a 50-day simple moving average of $36.82 and a 200 day simple moving average of $34.46. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 107.10 and a beta of 3.08. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS 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%. Research analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James lifted their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Barclays upped their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Williams Trading set a $48.00 price target on shares of Antero Resources in a research report on Wednesday, March 5th. Finally, Truist Financial boosted their target price on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $42.44.

Antero Resources Company 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.