Aristotle Atlantic Partners LLC Sells 19,401 Shares of Antero Resources Corporation $AR

Aristotle Atlantic Partners LLC decreased its position in shares of Antero Resources Corporation (NYSE:AR) by 5.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 339,561 shares of the oil and natural gas company’s stock after selling 19,401 shares during the period. Aristotle Atlantic Partners LLC’s holdings in Antero Resources were worth $11,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Annandale Capital LLC boosted its holdings in shares of Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after acquiring an additional 300 shares in the last quarter. Brooklyn Investment Group grew its position in Antero Resources by 2.0% during the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after acquiring an additional 305 shares during the last quarter. Uhlmann Price Securities LLC increased its holdings in Antero Resources by 2.2% during the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock valued at $508,000 after purchasing an additional 325 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Antero Resources by 6.4% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock valued at $220,000 after purchasing an additional 328 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Antero Resources by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,840 shares of the oil and natural gas company’s stock valued at $129,000 after purchasing an additional 413 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Up 1.6%

Shares of AR opened at $41.02 on Friday. The stock’s fifty day simple moving average is $34.84 and its 200-day simple moving average is $34.01. The firm has a market capitalization of $12.65 billion, a PE ratio of 20.30 and a beta of 0.52. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.01. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The company’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. As a group, research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AR has been the topic of several research analyst reports. TD Cowen upgraded Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. Wells Fargo & Company lifted their price target on Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Morgan Stanley reduced their price target on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $39.00 price objective (down from $44.00) on shares of Antero Resources in a research report on Monday, December 8th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.87.

Insider Activity

In other news, insider Yvette K. Schultz sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the transaction, the insider owned 319,122 shares of the company’s stock, valued at approximately $12,551,068.26. This trade represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.30% of the company’s stock.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.