Mirae Asset Securities USA Inc. Buys 81,642 Shares of Antero Resources Co. (NYSE:AR)

Mirae Asset Securities USA Inc. grew its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 14,348.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,211 shares of the oil and natural gas company's stock after purchasing an additional 81,642 shares during the period. Antero Resources makes up 0.1% of Mirae Asset Securities USA Inc.'s investment portfolio, making the stock its 11th biggest holding. Mirae Asset Securities USA Inc.'s holdings in Antero Resources were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Antero Resources by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company's stock valued at $1,036,603,000 after acquiring an additional 214,060 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Antero Resources by 4.0% in the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company's stock valued at $500,231,000 after purchasing an additional 675,053 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock valued at $139,054,000 after buying an additional 61,490 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Antero Resources during the fourth quarter worth $140,020,000. Finally, Massachusetts Financial Services Co. MA lifted its stake 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 in the last quarter. Institutional investors own 83.04% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Benchmark reissued a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. UBS Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Finally, Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

Antero Resources Stock Performance

Shares of AR stock traded up $0.25 during trading on Tuesday, reaching $41.46. 3,552,037 shares of the company's stock traded hands, compared to its average volume of 3,929,025. The firm's 50-day moving average is $38.49 and its 200 day moving average is $33.32. The company has a market capitalization of $12.90 billion, a P/E ratio of 129.57 and a beta of 3.38. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $41.59. 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 posted its 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 return on equity of 0.74% and a net margin of 2.31%. Equities research analysts expect 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 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 sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.70% of the stock is owned by corporate insiders.

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.