HITE Hedge Asset Management LLC Has $35.83 Million Holdings in Antero Resources Co. (NYSE:AR)

HITE Hedge Asset Management LLC boosted its stake in Antero Resources Co. (NYSE:AR - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,022,241 shares of the oil and natural gas company's stock after acquiring an additional 67,556 shares during the quarter. Antero Resources comprises about 2.6% of HITE Hedge Asset Management LLC's holdings, making the stock its 12th largest holding. HITE Hedge Asset Management LLC owned approximately 0.33% of Antero Resources worth $35,830,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. purchased a new stake in Antero Resources during the 4th quarter worth approximately $28,000. Spire Wealth Management bought a new stake in shares of Antero Resources during the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Antero Resources by 205.2% in 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 acquiring an additional 913 shares during the period. UMB Bank n.a. increased its position 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 valued at $49,000 after purchasing an additional 523 shares during the period. Finally, Transcendent Capital Group LLC bought a new position in shares of Antero Resources during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insider Transactions at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AR shares. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a report on Thursday, February 13th. Raymond James raised their target price 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. Barclays upped their price target on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources presently has a consensus rating of "Moderate Buy" and an average target price of $42.44.

Antero Resources Stock Performance

AR traded up $1.96 during trading on Wednesday, reaching $34.79. 4,070,826 shares of the company's stock were exchanged, compared to its average volume of 4,170,243. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The company has a market capitalization of $10.83 billion, a P/E ratio of 108.72 and a beta of 3.08. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $36.93 and a 200 day moving average price of $34.46.

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

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.