Thrivent Financial for Lutherans Acquires 108,582 Shares of Antero Resources Co. (NYSE:AR)

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

Several other hedge funds also recently modified their holdings of AR. William Blair Investment Management LLC grew its position in Antero Resources by 4.3% in the 4th quarter. William Blair Investment Management LLC now owns 1,434,147 shares of the oil and natural gas company's stock worth $50,267,000 after purchasing an additional 59,439 shares in the last quarter. Mercuria Capital Strategies LLC bought a new position in shares of Antero Resources in the fourth quarter valued at approximately $11,917,000. Swiss National Bank grew its holdings in shares of Antero Resources by 0.8% in the fourth quarter. Swiss National Bank now owns 581,100 shares of the oil and natural gas company's stock valued at $20,368,000 after acquiring an additional 4,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Antero Resources by 37.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 230,565 shares of the oil and natural gas company's stock valued at $8,081,000 after acquiring an additional 62,683 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Antero Resources by 464.0% during the fourth quarter. Farther Finance Advisors LLC now owns 21,901 shares of the oil and natural gas company's stock worth $768,000 after acquiring an additional 18,018 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Raymond James raised their target price on Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. Mizuho raised their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Morgan Stanley reaffirmed an "overweight" rating and issued a $58.00 price objective on shares of Antero Resources in a research report on Wednesday. UBS Group increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Barclays lifted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.24.

Antero Resources Price Performance

NYSE:AR traded down $1.40 during trading hours on Thursday, hitting $39.57. The stock had a trading volume of 4,532,016 shares, compared to its average volume of 3,932,552. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a one year low of $24.53 and a one year high of $42.63. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 123.66 and a beta of 3.38. The company has a 50 day simple moving average of $38.51 and a two-hundred day simple moving average of $33.37.

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

Insider Activity at Antero Resources

In other Antero Resources 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 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 is available at this hyperlink. 6.70% of the stock is currently owned by insiders.

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.