Intech Investment Management LLC Takes $822,000 Position in Antero Resources Co. (NYSE:AR)

Intech Investment Management LLC acquired a new position in shares of Antero Resources Co. (NYSE:AR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 23,457 shares of the oil and natural gas company's stock, valued at approximately $822,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pinnacle Bancorp Inc. purchased a new position in Antero Resources in the 4th quarter worth $28,000. True Wealth Design LLC purchased a new position in shares of Antero Resources in the third quarter worth about $30,000. Spire Wealth Management acquired a new stake in shares of Antero Resources during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB boosted its position 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 buying an additional 913 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings 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 worth $49,000 after buying an additional 523 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred 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 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 SEC, which can be accessed through this link. Company insiders own 6.70% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently commented on AR. Wells Fargo & Company upped their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. Williams Trading set a $48.00 price target on Antero Resources in a research report on Wednesday, March 5th. Truist Financial boosted their price objective on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a report on Monday, January 13th. Mizuho raised their target price on Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Finally, Benchmark reissued a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have issued 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, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $42.24.

Antero Resources Price Performance

NYSE:AR traded down $1.40 during trading hours on Thursday, hitting $39.57. 4,532,016 shares of the stock were exchanged, compared to its average volume of 3,932,552. The firm's fifty day moving average price is $38.51 and its 200 day moving average price is $33.37. 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 $12.31 billion, a P/E ratio of 123.66 and a beta of 3.38. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

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.