Caxton Associates LLP Purchases Shares of 47,050 Antero Resources Corporation $AR

Caxton Associates LLP purchased a new position in shares of Antero Resources Corporation (NYSE:AR) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 47,050 shares of the oil and natural gas company’s stock, valued at approximately $1,997,000.

A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Antero Resources by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after buying an additional 1,153,422 shares during the last quarter. State Street Corp raised its stake in shares of Antero Resources by 1.2% during the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after acquiring an additional 116,461 shares in the last quarter. Sourcerock Group LLC lifted its holdings in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after acquiring an additional 783,117 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Antero Resources by 18.0% in the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after acquiring an additional 761,842 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Antero Resources by 35.4% in the 4th quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock valued at $161,768,000 after purchasing an additional 1,226,828 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

NYSE:AR opened at $35.31 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $35.12 and its 200 day simple moving average is $36.31. The stock has a market cap of $10.94 billion, a P/E ratio of 11.46 and a beta of 0.33. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction that occurred on 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 sale, the insider owned 277,665 shares in the company, valued at $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AR shares. Truist Financial cut their price target on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group reissued a “buy” rating and issued a $57.00 target price on shares of Antero Resources in a research note on Friday, May 1st. Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Mizuho raised their price target on Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. decreased their price target on Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.56.

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.