LPL Financial LLC grew its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 486.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,501 shares of the oil and natural gas company's stock after purchasing an additional 130,623 shares during the period. LPL Financial LLC owned approximately 0.05% of Antero Resources worth $5,520,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Pinnacle Bancorp Inc. acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $28,000. Spire Wealth Management acquired a new stake in shares of Antero Resources in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB boosted its holdings 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 purchasing an additional 913 shares during the period. UMB Bank n.a. grew its stake in 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 in the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in Antero Resources during the 4th quarter worth about $56,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Benchmark reissued a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. Barclays raised their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Wells Fargo & Company boosted their target price on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. StockNews.com raised Antero Resources to a "sell" rating in a report on Thursday, February 13th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $58.00 price objective on shares of Antero Resources in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.44.
Check Out Our Latest Research Report on AR
Insiders Place Their Bets
In related 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 shares were 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by corporate insiders.
Antero Resources Stock Performance
Shares of NYSE AR traded up $1.13 during midday trading on Friday, reaching $33.05. 7,274,776 shares of the company were exchanged, compared to its average volume of 4,146,949. The stock has a fifty day simple moving average of $37.75 and a 200 day simple moving average of $34.29. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock has a market cap of $10.29 billion, a P/E ratio of 103.30 and a beta of 3.08. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63.
Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.
About Antero Resources
(
Free Report)
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.
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