Payden & Rygel trimmed its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 92.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,910 shares of the oil and natural gas company's stock after selling 45,850 shares during the period. Payden & Rygel's holdings in Antero Resources were worth $137,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Townsquare Capital LLC increased its position in Antero Resources by 25.2% in the third quarter. Townsquare Capital LLC now owns 12,996 shares of the oil and natural gas company's stock worth $372,000 after purchasing an additional 2,613 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Antero Resources by 17.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,327 shares of the oil and natural gas company's stock worth $582,000 after buying an additional 3,022 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Antero Resources by 21.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,432 shares of the oil and natural gas company's stock valued at $532,000 after buying an additional 3,266 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Antero Resources by 4.2% in the 3rd quarter. Quadrature Capital Ltd now owns 39,216 shares of the oil and natural gas company's stock valued at $1,124,000 after acquiring an additional 1,593 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Antero Resources during the third quarter worth approximately $558,000. 83.04% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm'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 directly owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.70% of the stock is currently owned by company insiders.
Antero Resources Stock Down 7.4 %
NYSE:AR traded down $2.59 during mid-day trading on Thursday, hitting $32.30. The company had a trading volume of 5,989,904 shares, compared to its average volume of 4,115,453. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 100.64 and a beta of 3.08. 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 Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The business has a fifty day simple moving average of $37.99 and a 200-day simple moving average of $34.18.
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, beating analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Equities analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Morgan Stanley reiterated an "overweight" rating and set a $58.00 price objective on shares of Antero Resources in a research note on Wednesday, March 26th. Barclays increased their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a research note on Thursday, February 13th. Finally, Williams Trading set a $48.00 price objective on Antero Resources in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.44.
Get Our Latest Stock Analysis on Antero Resources
Antero Resources Profile
(
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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