Inceptionr LLC Takes $264,000 Position in Antero Resources Co. (NYSE:AR)

Inceptionr LLC acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,545 shares of the oil and natural gas company's stock, valued at approximately $264,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new stake in shares of Antero Resources during the fourth quarter worth $28,000. Spire Wealth Management acquired a new position in Antero Resources in the fourth quarter worth approximately $31,000. True Wealth Design LLC bought a new position in Antero Resources during the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB lifted its stake in Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after acquiring an additional 913 shares during the last quarter. Finally, UMB Bank n.a. increased its stake 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 purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Price Performance

NYSE:AR traded up $0.32 during trading hours on Thursday, reaching $36.33. The company had a trading volume of 5,102,420 shares, compared to its average volume of 4,951,999. The firm has a market capitalization of $11.31 billion, a PE ratio of 113.54 and a beta of 3.38. The stock has a 50-day moving average of $38.01 and a two-hundred day moving average of $32.42. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

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Antero Resources (NYSE:AR - Get Free Report) last announced 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 net margin of 2.31% and a return on equity of 0.74%. Analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current year.

Insider Transactions 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 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 transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade 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 accessible through the SEC website. 6.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AR. JPMorgan Chase & Co. lifted their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday. Citigroup increased their price objective on Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Benchmark reiterated a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a research note on Thursday, February 13th. Finally, Truist Financial lifted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.47.

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.