Sterling Capital Management LLC Raises Position in Antero Resources Co. (NYSE:AR)

Sterling Capital Management LLC increased its holdings in Antero Resources Co. (NYSE:AR) by 55.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,192 shares of the oil and natural gas company’s stock after purchasing an additional 6,133 shares during the period. Sterling Capital Management LLC’s holdings in Antero Resources were worth $603,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its stake in Antero Resources by 21.5% during the third quarter. HighTower Advisors LLC now owns 18,432 shares of the oil and natural gas company’s stock worth $532,000 after purchasing an additional 3,266 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Antero Resources during the 3rd quarter worth $210,000. Franklin Resources Inc. raised its position in shares of Antero Resources by 40.6% in the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after buying an additional 218,517 shares during the period. Confluence Investment Management LLC boosted its holdings in Antero Resources by 6.4% in the fourth quarter. Confluence Investment Management LLC now owns 21,219 shares of the oil and natural gas company’s stock valued at $744,000 after acquiring an additional 1,280 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after acquiring an additional 418 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction 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. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is currently owned by insiders.

Antero Resources Stock Up 0.1 %

AR stock opened at $34.35 on Friday. The company has a market capitalization of $10.69 billion, a P/E ratio of 107.33 and a beta of 3.08. The firm has a 50 day simple moving average of $37.33 and a 200-day simple moving average of $34.35. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AR shares. The Goldman Sachs Group lifted their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Truist Financial boosted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. UBS Group raised their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Thursday, February 13th. Finally, Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.44.

Antero Resources Company 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.