Blume Capital Management Inc. lowered its position in Antero Resources Corporation (NYSE:AR) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,625 shares of the oil and natural gas company’s stock after selling 2,000 shares during the period. Antero Resources Corporation makes up approximately 1.9% of Blume Capital Management Inc.’s portfolio, making the stock its 21st largest position. Blume Capital Management Inc.’s holdings in Antero Resources Corporation were worth $3,277,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AR. Nomura Asset Management Co. Ltd. raised its stake in shares of Antero Resources Corporation by 0.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 22,990 shares of the oil and natural gas company’s stock worth $524,000 after buying an additional 190 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Antero Resources Corporation by 4.4% in the first quarter. TD Asset Management Inc. now owns 9,411 shares of the oil and natural gas company’s stock worth $215,000 after buying an additional 400 shares in the last quarter. Allen Investment Management LLC raised its stake in shares of Antero Resources Corporation by 2.4% in the first quarter. Allen Investment Management LLC now owns 18,275 shares of the oil and natural gas company’s stock worth $417,000 after buying an additional 422 shares in the last quarter. TCW Group Inc. raised its stake in shares of Antero Resources Corporation by 1.9% in the first quarter. TCW Group Inc. now owns 23,368 shares of the oil and natural gas company’s stock worth $533,000 after buying an additional 445 shares in the last quarter. Finally, Texan Capital Management raised its stake in shares of Antero Resources Corporation by 2.0% in the second quarter. Texan Capital Management now owns 26,845 shares of the oil and natural gas company’s stock worth $580,000 after buying an additional 535 shares in the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Antero Resources Corporation (AR) traded down 0.40% during mid-day trading on Friday, hitting $19.68. 2,437,935 shares of the company were exchanged. The firm has a 50 day moving average of $20.18 and a 200 day moving average of $21.83. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 457.67 and a beta of 0.95. Antero Resources Corporation has a 12-month low of $18.23 and a 12-month high of $28.30.

Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $736 million during the quarter, compared to the consensus estimate of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. Antero Resources Corporation’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. Equities research analysts forecast that Antero Resources Corporation will post $0.30 earnings per share for the current year.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, July 21st. BidaskClub raised shares of Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Scotiabank set a $27.00 target price on shares of Antero Resources Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 target price on shares of Antero Resources Corporation in a research note on Thursday, June 22nd. Finally, Cowen and Company set a $25.00 target price on shares of Antero Resources Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Antero Resources Corporation presently has a consensus rating of “Buy” and an average price target of $29.07.

In other news, insider Ward D. Mcneilly sold 24,000 shares of Antero Resources Corporation stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $22.05, for a total value of $529,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider K. Phil Yoo sold 3,785 shares of Antero Resources Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

Antero Resources Corporation Company Profile

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

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Institutional Ownership by Quarter for Antero Resources Corporation (NYSE:AR)

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