Antero Resources Co. (NYSE:AR) Holdings Lowered by Fmr LLC

FMR LLC decreased its stake in Antero Resources Co. (NYSE:AR - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,474,199 shares of the oil and natural gas company's stock after selling 6,612,121 shares during the period. FMR LLC owned 9.79% of Antero Resources worth $1,068,121,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho lifted their price target on Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Truist Financial upped 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. JPMorgan Chase & Co. upped their price objective on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Finally, StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.44.

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Antero Resources Stock Performance

AR traded up $1.13 on Friday, hitting $33.05. 7,274,776 shares of the company's stock were exchanged, compared to its average volume of 4,146,949. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $37.75 and a two-hundred day moving average of $34.29. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The firm has a market cap of $10.29 billion, a PE ratio of 103.30 and a beta of 3.08.

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

Insider Activity at Antero Resources

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

Antero Resources 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.