Massachusetts Financial Services Co. MA boosted its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,851,355 shares of the oil and natural gas company's stock after buying an additional 186,727 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.92% of Antero Resources worth $99,940,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new position in Antero Resources in the fourth quarter valued at $28,000. Spire Wealth Management purchased a new position in Antero Resources during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB increased its position in shares of 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 in the last quarter. UMB Bank n.a. raised 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 buying an additional 523 shares during the period. Finally, Transcendent Capital Group LLC purchased a new position in shares of Antero Resources during the 4th quarter valued at approximately $56,000. Institutional investors own 83.04% of the company's stock.
Antero Resources Stock Performance
Shares of AR stock traded down $3.75 during midday trading on Thursday, hitting $31.15. The company had a trading volume of 3,535,409 shares, compared to its average volume of 4,106,330. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $42.63. 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 company's 50 day simple moving average is $37.99 and its 200 day simple moving average is $34.18. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 97.32 and a beta of 3.08.
Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.
Insider Activity at Antero Resources
In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction 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 of the company's stock, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.70% of the stock is owned by insiders.
Analyst Ratings Changes
AR has been the topic of several recent analyst reports. Raymond James increased their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. UBS Group boosted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and raised their target price for the company from $40.00 to $46.00 in a research report on Tuesday. Benchmark reiterated a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, Wells Fargo & Company boosted their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.44.
Get Our Latest Research Report on AR
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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