PNC Financial Services Group Inc. lessened its stake in Antero Resources Co. (NYSE:AR - Free Report) by 40.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,209 shares of the oil and natural gas company's stock after selling 6,916 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Antero Resources were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Pinnacle Bancorp Inc. acquired a new position in shares of Antero Resources during the fourth quarter valued at $28,000. Spire Wealth Management bought a new stake in Antero Resources during the 4th quarter worth about $31,000. True Wealth Design LLC acquired a new position in Antero Resources during the 3rd quarter valued at about $30,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Antero Resources by 205.2% in the 4th 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 last quarter. Finally, UMB Bank n.a. grew its position 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. 83.04% of the stock is owned by institutional investors.
Insider Transactions at Antero Resources
In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, 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 filing with the SEC, which is available at the SEC website. Company insiders own 6.70% of the company's stock.
Antero Resources Stock Up 1.1 %
NYSE AR traded up $0.45 on Monday, reaching $41.22. The company had a trading volume of 3,190,134 shares, compared to its average volume of 3,927,433. The company's fifty day moving average is $38.37 and its 200-day moving average is $33.10. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 128.80 and a beta of 3.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $41.57.
Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share 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%. On average, research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
AR has been the topic of several 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. Wells Fargo & Company increased their price target on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. UBS Group lifted 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. Citigroup increased their target price on Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and an average price target of $41.06.
Check Out Our Latest Report on Antero Resources
Antero Resources Company 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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