Summit Financial LLC Buys New Shares in Antero Resources Co. (NYSE:AR)

Summit Financial LLC bought a new position in Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,003 shares of the oil and natural gas company's stock, valued at approximately $526,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Antero Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company's stock worth $1,036,603,000 after purchasing an additional 214,060 shares in the last quarter. Wellington Management Group LLP boosted its position in Antero Resources by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock valued at $689,135,000 after buying an additional 2,201,429 shares during the last quarter. Geode Capital Management LLC boosted 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 buying an additional 61,490 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Antero Resources in the 4th quarter valued at $140,020,000. Finally, Charles Schwab Investment Management Inc. lifted 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 valued at $68,756,000 after acquiring an additional 32,220 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

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Antero Resources Stock Down 2.8 %

Shares of NYSE:AR traded down $0.96 during midday trading on Tuesday, reaching $33.19. 3,478,090 shares of the company were exchanged, compared to its average volume of 4,899,857. The firm has a market cap of $10.33 billion, a PE ratio of 103.78 and a beta of 3.08. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The stock has a fifty day simple moving average of $38.30 and a two-hundred day simple moving average of $34.12. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

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, sell-side analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current 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 on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares of the company's stock, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. Morgan Stanley reissued an "overweight" rating and issued a $58.00 price target on shares of Antero Resources in a research note on Wednesday, March 26th. JPMorgan Chase & Co. upped their price objective on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. UBS Group raised their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, StockNews.com raised Antero Resources to a "sell" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.44.

Antero Resources 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.