Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Antero Resources Co. (NYSE:AR)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,792 shares of the oil and natural gas company's stock after purchasing an additional 11,170 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Antero Resources were worth $2,621,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in Antero Resources in the 4th quarter valued at approximately $28,000. True Wealth Design LLC acquired a new position in Antero Resources in the 3rd quarter valued at approximately $30,000. Spire Wealth Management acquired a new position in Antero Resources in the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB increased its position in Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after acquiring an additional 913 shares during the period. Finally, UMB Bank n.a. increased its position in Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after acquiring an additional 523 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AR shares. The Goldman Sachs Group upped their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. UBS Group upped their price target 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. Citigroup upped their price target on shares of Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Truist Financial upped their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, Raymond James upped their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $41.06.

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Antero Resources Stock Down 0.1 %

Shares of Antero Resources stock traded down $0.06 during trading hours on Thursday, reaching $40.96. The company's stock had a trading volume of 4,120,972 shares, compared to its average volume of 3,923,155. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.53. The company has a market capitalization of $12.75 billion, a P/E ratio of 128.00 and a beta of 3.38. The stock's fifty day simple moving average is $38.26 and its two-hundred day simple moving average is $32.84. 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 (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating 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%. On average, research 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 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.70% of the company's stock.

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.