T. Rowe Price Investment Management Inc. Sells 702,975 Shares of Antero Resources Co. (NYSE:AR)

T. Rowe Price Investment Management Inc. lowered its position in Antero Resources Co. (NYSE:AR - Free Report) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,145,531 shares of the oil and natural gas company's stock after selling 702,975 shares during the period. T. Rowe Price Investment Management Inc. owned 1.01% of Antero Resources worth $110,251,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Antero Resources by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company's stock valued at $1,036,603,000 after purchasing an additional 214,060 shares during the last quarter. Wellington Management Group LLP increased its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock worth $414,628,000 after buying an additional 1,274,760 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Antero Resources during the fourth quarter worth about $140,020,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Antero Resources by 7.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company's stock valued at $99,940,000 after purchasing an additional 186,727 shares during the period. Institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AR shares. Barclays boosted their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. StockNews.com raised shares of Antero Resources to a "sell" rating in a report on Thursday, February 13th. Williams Trading set a $48.00 target price on Antero Resources in a report on Wednesday, March 5th. Finally, Truist Financial increased their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.44.

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 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 this hyperlink. Insiders own 6.70% of the company's stock.

Antero Resources Stock Performance

Shares of AR stock traded up $0.24 during trading on Tuesday, reaching $36.17. 5,426,758 shares of the company's stock traded hands, compared to its average volume of 4,141,239. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $11.26 billion, a P/E ratio of 113.03 and a beta of 3.08. The firm's 50-day moving average is $36.54 and its 200 day moving average is $34.66.

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, topping analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Equities research analysts expect that Antero Resources Co. will post 2.74 EPS for the current year.

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.