Antero Resources Co. (NYSE:AR) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in Antero Resources Co. (NYSE:AR - Free Report) by 158.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,264 shares of the oil and natural gas company's stock after acquiring an additional 108,582 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Antero Resources worth $6,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AR. Wellington Management Group LLP lifted its holdings in shares of Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company's stock valued at $500,231,000 after buying an additional 675,053 shares during the period. Geode Capital Management LLC increased its holdings in shares of Antero Resources by 1.3% during 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Antero Resources in the 4th quarter valued at $140,020,000. Massachusetts Financial Services Co. MA boosted its holdings in Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock worth $76,342,000 after buying an additional 122,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in 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 buying an additional 32,220 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Remove Ads

Antero Resources Trading Up 0.4 %

Shares of AR stock traded up $0.19 on Tuesday, hitting $41.40. 1,560,109 shares of the stock traded hands, compared to its average volume of 3,927,367. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $41.59. The firm's 50-day moving average price is $38.43 and its two-hundred day moving average price is $33.21. The stock has a market capitalization of $12.88 billion, a PE ratio of 129.32 and a beta of 3.38.

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

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction dated 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on AR shares. Wells Fargo & Company lifted their price target on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. StockNews.com raised shares of Antero Resources to a "sell" rating in a report on Thursday, February 13th. Barclays increased their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, Truist Financial lifted 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.06.

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.