3,994,877 Shares in Antero Resources Co. (NYSE:AR) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,994,877 shares of the oil and natural gas company's stock, valued at approximately $140,020,000. Raymond James Financial Inc. owned 1.28% of Antero Resources at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Arizona State Retirement System raised its stake in shares of Antero Resources by 0.9% during the fourth quarter. Arizona State Retirement System now owns 85,747 shares of the oil and natural gas company's stock worth $3,005,000 after purchasing an additional 728 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth approximately $968,000. M&T Bank Corp raised its stake in shares of Antero Resources by 3.3% during the fourth quarter. M&T Bank Corp now owns 24,955 shares of the oil and natural gas company's stock worth $875,000 after purchasing an additional 800 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Antero Resources by 17.0% during the fourth quarter. Victory Capital Management Inc. now owns 863,161 shares of the oil and natural gas company's stock worth $30,254,000 after purchasing an additional 125,471 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Antero Resources by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,961,644 shares of the oil and natural gas company's stock worth $68,756,000 after purchasing an additional 32,220 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

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Antero Resources Price Performance

AR stock traded down $0.11 during trading on Friday, hitting $33.67. The stock had a trading volume of 6,618,669 shares, compared to its average volume of 4,969,100. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 105.23 and a beta of 3.38. The company's 50 day moving average price is $37.99 and its two-hundred day moving average price is $32.25. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $41.53.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating 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, sell-side analysts forecast that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction dated 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 completion of the sale, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is owned by company insiders.

Analyst Ratings Changes

AR has been the subject of several research analyst reports. Benchmark reiterated a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. Citigroup increased their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Wells Fargo & Company upgraded Antero Resources from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Mizuho increased their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. increased their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $39.44.

About Antero Resources

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.