Intellectus Partners LLC Acquires 1,050 Shares of Antero Resources Co. (NYSE:AR)

Intellectus Partners LLC grew its stake in Antero Resources Co. (NYSE:AR) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,950 shares of the oil and natural gas company’s stock after buying an additional 1,050 shares during the period. Intellectus Partners LLC’s holdings in Antero Resources were worth $951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AR. Wellington Management Group LLP boosted its stake in Antero Resources by 55.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock worth $200,036,000 after acquiring an additional 2,814,127 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Antero Resources by 34.5% in the 3rd 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 buying an additional 982,384 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Antero Resources by 129.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company’s stock worth $34,205,000 after buying an additional 850,940 shares during the period. Victory Capital Management Inc. raised its stake in Antero Resources by 865.0% during the 3rd quarter. Victory Capital Management Inc. now owns 680,576 shares of the oil and natural gas company’s stock worth $17,273,000 after buying an additional 610,051 shares during the period. Finally, Mesirow Institutional Investment Management Inc. bought a new position in Antero Resources during the third quarter worth about $13,182,000. 83.04% of the stock is currently owned by institutional investors.

Insider Activity at Antero Resources

In related news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the sale, the insider now directly owns 106,698 shares in the company, valued at $2,805,090.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 467,280 shares of company stock worth $12,153,605. Company insiders own 5.95% of the company’s stock.

Antero Resources Stock Up 1.2 %

AR opened at $33.80 on Monday. The stock’s fifty day simple moving average is $27.85 and its 200 day simple moving average is $25.46. Antero Resources Co. has a 1-year low of $19.91 and a 1-year high of $34.24. The stock has a market cap of $10.51 billion, a PE ratio of 169.00 and a beta of 3.30. 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 issued its quarterly earnings data on Thursday, April 25th. The oil and natural gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company earned $0.48 earnings per share. Antero Resources’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, research analysts expect that Antero Resources Co. will post 0.33 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, January 17th. Mizuho raised their price objective on shares of Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Benchmark lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Raymond James boosted their target price on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $26.00 to $36.00 in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.69.

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.