Intech Investment Management LLC Takes Position in Antero Resources Co. (NYSE:AR)

Intech Investment Management LLC acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,457 shares of the oil and natural gas company's stock, valued at approximately $822,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AR. Janney Montgomery Scott LLC increased its stake in shares of Antero Resources by 83.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock worth $928,000 after purchasing an additional 12,062 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock worth $139,054,000 after buying an additional 61,490 shares during the period. Wealthfront Advisers LLC purchased a new position in Antero Resources in the 4th quarter valued at approximately $556,000. Massachusetts Financial Services Co. MA raised its holdings in Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock valued at $76,342,000 after acquiring an additional 122,815 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Antero Resources by 1,423.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock worth $304,000 after acquiring an additional 7,983 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

AR has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. Truist Financial lifted their target price on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a report on Monday, January 13th. StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Benchmark restated a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, Mizuho upped their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.06.

Antero Resources Price Performance

AR stock traded up $0.19 during mid-day trading on Tuesday, hitting $41.40. 1,560,109 shares of the stock were exchanged, compared to its average volume of 3,927,367. The business has a fifty day moving average price of $38.43 and a 200 day moving average price of $33.21. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $41.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 129.32 and a beta of 3.38.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results 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 return on equity of 0.74% and a net margin of 2.31%. On average, sell-side analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business'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 completion of the sale, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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.