Farther Finance Advisors LLC Raises Position in Antero Resources Co. (NYSE:AR)

Farther Finance Advisors LLC grew its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 464.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 21,901 shares of the oil and natural gas company's stock after acquiring an additional 18,018 shares during the quarter. Farther Finance Advisors LLC's holdings in Antero Resources were worth $768,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new position in shares of Antero Resources during the 4th quarter worth $28,000. True Wealth Design LLC acquired a new position in shares of Antero Resources during the 3rd quarter worth $30,000. Spire Wealth Management acquired a new position in shares of Antero Resources during the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Antero Resources by 205.2% during the 4th 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. Finally, UMB Bank n.a. raised its holdings in shares of Antero Resources by 59.6% during the 4th 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 in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AR shares. UBS Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Benchmark reissued a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Barclays increased their price target 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. Finally, The Goldman Sachs Group increased their price target on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.06.

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Antero Resources Trading Up 2.9 %

Shares of AR stock traded up $1.15 on Wednesday, hitting $41.02. 3,469,262 shares of the company's stock traded hands, compared to its average volume of 3,918,704. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.53. 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 company's fifty day simple moving average is $38.20 and its 200 day simple moving average is $32.78. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 128.18 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, 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%. Equities analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

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 dated 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.70% of the stock is owned by insiders.

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.