Fmr LLC Buys 16,641,288 Shares of Antero Resources Co. (NYSE:AR)

Fmr LLC lifted its stake in shares of Antero Resources Co. (NYSE:AR) by 6,962,882.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,641,527 shares of the oil and natural gas company’s stock after acquiring an additional 16,641,288 shares during the period. Fmr LLC owned approximately 0.05% of Antero Resources worth $250,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Antero Resources during the 1st quarter worth about $30,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Antero Resources during the 2nd quarter worth about $52,000. Captrust Financial Advisors bought a new stake in shares of Antero Resources during the 1st quarter worth about $47,000. Rockefeller Capital Management L.P. bought a new stake in Antero Resources during the 1st quarter valued at approximately $55,000. Finally, Carolina Wealth Advisors LLC boosted its stake in Antero Resources by 27.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 15,070 shares of the oil and natural gas company’s stock valued at $227,000 after purchasing an additional 3,287 shares during the period. Institutional investors own 73.20% of the company’s stock.

In related news, Director W Howard Keenan, Jr. sold 265,013 shares of the firm’s stock in a transaction on Monday, August 30th. The stock was sold at an average price of $13.84, for a total transaction of $3,667,779.92. Following the completion of the sale, the director now directly owns 329,421 shares of the company’s stock, valued at approximately $4,559,186.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 26th. The shares were sold at an average price of $13.05, for a total value of $1,305,000.00. The disclosure for this sale can be found here. Corporate insiders own 9.73% of the company’s stock.

Several analysts recently weighed in on the company. Mizuho decreased their target price on Antero Resources from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 13th. Morgan Stanley increased their target price on Antero Resources from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 6th. Zacks Investment Research downgraded Antero Resources from a “hold” rating to a “strong sell” rating and set a $16.00 target price for the company. in a research note on Wednesday, September 29th. TD Securities upgraded Antero Resources from a “hold” rating to a “buy” rating and increased their target price for the company from $12.00 to $18.50 in a research note on Tuesday, June 29th. Finally, Wells Fargo & Company increased their target price on Antero Resources from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, August 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $17.31.

Antero Resources stock opened at $19.29 on Thursday. The business has a 50 day moving average price of $15.92 and a two-hundred day moving average price of $13.57. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.42. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of -5.46 and a beta of 4.75. Antero Resources Co. has a 12 month low of $3.24 and a 12 month high of $21.25.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, July 28th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.08). Antero Resources had a positive return on equity of 3.58% and a negative net margin of 29.70%. The company had revenue of $489.37 million during the quarter, compared to analyst estimates of $1.20 billion. On average, analysts expect that Antero Resources Co. will post 1.51 earnings per share for the current fiscal year.

Antero Resources Profile

Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation.

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

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