Geode Capital Management LLC Has $169.81 Million Position in Antero Resources Co. (NYSE:AR)

Geode Capital Management LLC reduced its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,843,201 shares of the oil and natural gas company's stock after selling 9,045 shares during the quarter. Geode Capital Management LLC owned about 1.56% of Antero Resources worth $169,809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AR. Vanguard Group Inc. raised its holdings in shares of Antero Resources by 0.7% in 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 purchasing an additional 214,060 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Antero Resources by 12.6% during the fourth 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 purchasing an additional 2,201,429 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Antero Resources in the 4th quarter valued at $140,020,000. Charles Schwab Investment Management Inc. lifted its stake in Antero Resources by 1.7% during the fourth 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 buying an additional 32,220 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Antero Resources by 4.3% in the fourth quarter. William Blair Investment Management LLC now owns 1,434,147 shares of the oil and natural gas company's stock worth $50,267,000 after buying an additional 59,439 shares during the period. Institutional investors own 83.04% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on AR. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and upped their price target for the company from $40.00 to $46.00 in a research report on Tuesday. StockNews.com upgraded Antero Resources to a "sell" rating in a report on Thursday, February 13th. Barclays raised their target price on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their price target 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, Raymond James raised their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $42.44.

Antero Resources Stock Up 3.6 %

Shares of AR traded up $1.13 during trading hours on Friday, hitting $33.05. 7,274,776 shares of the company were exchanged, compared to its average volume of 4,142,497. The firm's 50 day moving average is $37.75 and its 200-day moving average is $34.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63. The company 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 announced 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%. On average, equities research analysts forecast that Antero Resources Co. will post 2.74 EPS 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 the firm'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 sale, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this link. 6.70% of the stock is currently owned by company insiders.

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.