Tejara Capital Ltd Increases Position in Antero Resources Corporation $AR

Tejara Capital Ltd increased its position in shares of Antero Resources Corporation (NYSE:AR) by 251.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,900 shares of the oil and natural gas company’s stock after purchasing an additional 100,100 shares during the period. Antero Resources accounts for 1.1% of Tejara Capital Ltd’s portfolio, making the stock its 18th largest holding. Tejara Capital Ltd’s holdings in Antero Resources were worth $4,821,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AR. State Street Corp increased its stake in Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after buying an additional 116,461 shares in the last quarter. Sourcerock Group LLC lifted its position in shares of Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after acquiring an additional 783,117 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Antero Resources by 31.8% in the third quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock valued at $267,485,000 after acquiring an additional 1,922,977 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Antero Resources by 3.2% in the third quarter. Raymond James Financial Inc. now owns 4,508,542 shares of the oil and natural gas company’s stock worth $151,307,000 after acquiring an additional 140,416 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Antero Resources by 111.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock worth $137,437,000 after purchasing an additional 2,099,755 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AR shares. Citigroup lifted their target price on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Roth Mkm reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a report on Thursday, April 30th. Williams Trading set a $56.00 price objective on shares of Antero Resources in a research report on Monday, April 20th. Truist Financial began coverage on shares of Antero Resources in a report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 target price on the stock. Finally, Zacks Research upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Five investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $49.63.

Antero Resources Stock Performance

Antero Resources stock opened at $37.06 on Friday. The company’s 50-day moving average price is $39.40 and its 200-day moving average price is $36.02. 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 company has a market cap of $11.48 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.35 and a beta of 0.36. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.49 by $0.13. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business posted $0.48 earnings per share. The firm’s revenue was up 20.8% on a year-over-year basis. On average, equities research analysts forecast that Antero Resources Corporation will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was 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 of the company’s stock, valued at $10,903,904.55. This trade represents a 12.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction that occurred on 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 completion of the transaction, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 252,316 shares of company stock worth $9,977,259 over the last ninety days. Company insiders own 6.30% of the company’s stock.

Antero Resources Company 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.