Altshuler Shaham Ltd Cuts Position in Antero Resources Co. (NYSE:AR)

Altshuler Shaham Ltd trimmed its position in shares of Antero Resources Co. (NYSE:AR) by 21.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,926 shares of the oil and natural gas company’s stock after selling 540 shares during the period. Altshuler Shaham Ltd’s holdings in Antero Resources were worth $44,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Antero Resources by 0.4% in the third quarter. Vanguard Group Inc. now owns 27,520,782 shares of the oil and natural gas company’s stock valued at $698,477,000 after purchasing an additional 113,864 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Antero Resources by 55.5% in the third quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock valued at $200,036,000 after acquiring an additional 2,814,127 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Antero Resources by 34.5% in the third quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company’s stock valued at $97,118,000 after acquiring an additional 982,384 shares during the period. American Century Companies Inc. boosted its holdings in shares of Antero Resources by 19.4% in the third quarter. American Century Companies Inc. now owns 2,207,379 shares of the oil and natural gas company’s stock valued at $56,023,000 after acquiring an additional 357,960 shares during the period. Finally, Kailix Advisors LLC boosted its holdings in shares of Antero Resources by 28.4% in the fourth quarter. Kailix Advisors LLC now owns 1,914,213 shares of the oil and natural gas company’s stock valued at $43,414,000 after acquiring an additional 423,017 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

Shares of AR stock traded down $0.34 during mid-day trading on Wednesday, reaching $34.02. The stock had a trading volume of 3,561,524 shares, compared to its average volume of 4,944,430. Antero Resources Co. has a 12-month low of $19.91 and a 12-month high of $34.99. The company has a market cap of $10.57 billion, a P/E ratio of 170.08 and a beta of 3.27. The business has a 50-day simple moving average of $29.23 and a 200 day simple moving average of $25.79. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. On average, sell-side analysts anticipate that Antero Resources Co. will post 0.33 earnings per share for the current year.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the sale, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares in the company, valued at $99,187,525.30. The disclosure for this sale can be found here. Insiders sold a total of 477,280 shares of company stock worth $12,490,305 over the last 90 days. 5.95% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AR shares. JPMorgan Chase & Co. increased their price objective on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Mizuho increased their price target on Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, January 17th. Wells Fargo & Company increased their price target on Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Benchmark downgraded Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources has an average rating of “Hold” and a consensus price target of $32.08.

About Antero Resources

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.