Diversified Trust Co Lowers Stock Holdings in Antero Resources Co. (NYSE:AR)

Diversified Trust Co trimmed its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 52.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,822 shares of the oil and natural gas company's stock after selling 18,541 shares during the period. Diversified Trust Co's holdings in Antero Resources were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company's stock worth $28,000 after acquiring an additional 892 shares during the period. Mather Group LLC. acquired a new position in Antero Resources in the 1st quarter worth about $37,000. Mattson Financial Services LLC purchased a new position in Antero Resources during the second quarter worth approximately $64,000. Benjamin F. Edwards & Company Inc. grew its holdings in Antero Resources by 11.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company's stock valued at $98,000 after purchasing an additional 343 shares during the period. Finally, Manchester Capital Management LLC increased its position in shares of Antero Resources by 382.1% in the first quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company's stock valued at $98,000 after buying an additional 2,675 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup assumed coverage on Antero Resources in a research report on Tuesday, September 17th. They set a "neutral" rating and a $29.00 target price on the stock. Roth Capital upgraded shares of Antero Resources to a "strong-buy" rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. cut their target price on shares of Antero Resources from $37.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, September 12th. Mizuho decreased their price target on shares of Antero Resources from $37.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, September 16th. Finally, Morgan Stanley cut their price objective on Antero Resources from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.81.

Antero Resources Trading Up 1.4 %

Antero Resources stock traded up $0.40 during midday trading on Friday, hitting $29.25. 2,471,844 shares of the stock were exchanged, compared to its average volume of 4,126,593. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 108.33 and a beta of 3.33. The stock's 50-day simple moving average is $27.35 and its 200 day simple moving average is $30.42. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The firm had revenue of $978.65 million for the quarter, compared to analysts' expectations of $980.20 million. On average, equities analysts anticipate that Antero Resources Co. will post -0.21 EPS for the current year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares of the company's stock, valued at $6,268,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.70% of the company's stock.

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.