Antero Resources Corporation $AR Shares Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its stake in Antero Resources Corporation (NYSE:AR) by 9.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,664 shares of the oil and natural gas company’s stock after acquiring an additional 28,863 shares during the period. Texas Permanent School Fund Corp owned approximately 0.11% of Antero Resources worth $13,601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SVB Wealth LLC purchased a new stake in Antero Resources during the 1st quarter worth about $26,000. Huntington National Bank grew its position in shares of Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 313 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Antero Resources by 114.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after buying an additional 500 shares during the period. FNY Investment Advisers LLC raised its holdings in Antero Resources by 9,900.0% in the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after acquiring an additional 1,485 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after acquiring an additional 2,616 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Price Performance

Shares of AR opened at $35.16 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The stock has a market cap of $10.85 billion, a PE ratio of 18.70 and a beta of 0.57. The firm has a fifty day moving average price of $33.81 and a 200 day moving average price of $34.66.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the business posted ($0.07) EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

AR has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $39.00 price target (down previously from $44.00) on shares of Antero Resources in a report on Monday, December 8th. Wall Street Zen downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. UBS Group increased their target price on Antero Resources from $40.00 to $46.00 and gave the company a “buy” rating in a report on Friday. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a report on Tuesday, December 9th. Finally, Mizuho set a $47.00 price objective on Antero Resources in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.47.

Insider Transactions at Antero Resources

In other news, insider Brendan E. Krueger purchased 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the transaction, the insider directly owned 295,917 shares in the company, valued at approximately $9,868,831.95. This represents a 1.72% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is owned by corporate insiders.

About Antero Resources

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.