Sei Investments Co. Purchases 12,156 Shares of Antero Resources Co. (NYSE:AR)

Sei Investments Co. lifted its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 178,183 shares of the oil and natural gas company's stock after buying an additional 12,156 shares during the quarter. Sei Investments Co. owned about 0.06% of Antero Resources worth $6,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AR. Janney Montgomery Scott LLC grew its stake in Antero Resources by 83.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock valued at $928,000 after acquiring an additional 12,062 shares during the period. Geode Capital Management LLC grew its position in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock valued at $139,054,000 after purchasing an additional 61,490 shares during the period. Wealthfront Advisers LLC acquired a new stake in Antero Resources in the 4th quarter valued at $556,000. Allspring Global Investments Holdings LLC increased its stake in Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock valued at $304,000 after purchasing an additional 7,983 shares in the last quarter. Finally, Capital CS Group LLC acquired a new position in Antero Resources during the fourth quarter worth $615,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

Antero Resources stock traded down $5.36 during trading on Friday, hitting $33.43. The stock had a trading volume of 11,331,952 shares, compared to its average volume of 4,030,265. The stock's 50 day moving average is $38.35 and its two-hundred day moving average is $34.02. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 104.47 and a beta of 3.38. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

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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%. As a group, analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the 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 sale, the director now owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AR. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group raised their target price on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Barclays upped their price target on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Truist Financial raised their price objective on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, Williams Trading set a $48.00 price objective on shares of Antero Resources in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $42.24.

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.