Renaissance Technologies LLC Cuts Stake in Antero Resources Co. (NYSE:AR)

Renaissance Technologies LLC decreased its position in Antero Resources Co. (NYSE:AR - Free Report) by 77.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 340,965 shares of the oil and natural gas company's stock after selling 1,141,242 shares during the quarter. Renaissance Technologies LLC owned about 0.11% of Antero Resources worth $11,951,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AR. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources in the 4th quarter valued at approximately $28,000. Spire Wealth Management acquired a new position in Antero Resources in the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB lifted its position in Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock worth $48,000 after purchasing an additional 913 shares during the period. UMB Bank n.a. boosted 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 valued at $49,000 after acquiring an additional 523 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in shares of Antero Resources in the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Analysts Set New Price Targets

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. UBS Group raised their price target on Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and increased their target price for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Finally, Truist Financial lifted their price target on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.44.

Insider Buying and Selling at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources 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. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.70% of the company's stock.

Antero Resources Stock Up 0.1 %

AR stock traded up $0.05 during midday trading on Friday, reaching $34.35. 4,035,727 shares of the company's stock traded hands, compared to its average volume of 4,162,232. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $37.22 and its 200-day moving average price is $34.39. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 107.33 and a beta of 3.08. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63.

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 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, sell-side analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

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.