Dimensional Fund Advisors LP Buys 1,153,422 Shares of Antero Resources Corporation $AR

Dimensional Fund Advisors LP raised its stake in shares of Antero Resources Corporation (NYSE:AR) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,239,070 shares of the oil and natural gas company’s stock after acquiring an additional 1,153,422 shares during the period. Dimensional Fund Advisors LP’s holdings in Antero Resources were worth $434,597,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in Antero Resources during the third quarter worth about $30,000. IFP Advisors Inc increased its stake in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Antero Resources during the 4th quarter worth approximately $41,000. Hilton Head Capital Partners LLC bought a new position in shares of Antero Resources during the 4th quarter worth approximately $44,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Antero Resources in the 4th quarter worth approximately $45,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares in the company, valued at $42,680,601.36. This represents a 14.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the sale, the insider directly owned 277,665 shares in the company, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on AR. Williams Trading set a $56.00 target price on Antero Resources in a report on Monday, April 20th. Jefferies Financial Group restated a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a research note on Friday, May 1st. Weiss Ratings lowered Antero Resources from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Roth Capital reiterated a “neutral” rating and set a $38.00 target price on shares of Antero Resources in a research note on Thursday, April 30th. Finally, Bank of America boosted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.12.

Antero Resources Stock Down 0.9%

AR opened at $33.26 on Tuesday. The firm has a market capitalization of $10.31 billion, a P/E ratio of 10.80 and a beta of 0.33. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The company has a fifty day moving average price of $35.29 and a 200-day moving average price of $36.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

About Antero Resources

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.