Mitsubishi UFJ Trust & Banking Corp Has $1.19 Million Stock Position in Antero Resources Corporation $AR

Mitsubishi UFJ Trust & Banking Corp lifted its position in Antero Resources Corporation (NYSE:AR) by 173.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,403 shares of the oil and natural gas company’s stock after buying an additional 22,455 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Antero Resources were worth $1,188,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AR. Huntington National Bank raised its position in shares of Antero Resources by 91.3% in the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 313 shares during the period. Coldstream Capital Management Inc. grew its stake in Antero Resources by 6.4% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock valued at $220,000 after buying an additional 328 shares during the last quarter. ProShare Advisors LLC raised its holdings in Antero Resources by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 12,945 shares of the oil and natural gas company’s stock worth $521,000 after acquiring an additional 484 shares during the period. Newbridge Financial Services Group Inc. lifted its position in Antero Resources by 114.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after acquiring an additional 500 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Antero Resources by 9.6% during the second quarter. Sequoia Financial Advisors LLC now owns 5,967 shares of the oil and natural gas company’s stock valued at $240,000 after acquiring an additional 523 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Brendan E. Krueger purchased 5,000 shares of the business’s stock in a transaction dated 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 purchase, the insider directly owned 295,917 shares in the company, valued at $9,868,831.95. This trade represents a 1.72% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 6.30% of the stock is owned by corporate insiders.

Antero Resources Price Performance

Antero Resources stock opened at $36.34 on Friday. The business’s fifty day moving average is $34.36 and its two-hundred day moving average is $33.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $11.21 billion, a P/E ratio of 19.33 and a beta of 0.50. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.38). Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the company earned ($0.07) earnings per share. Antero Resources’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AR has been the topic of several research analyst reports. Bank of America raised their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Wells Fargo & Company lifted their target price on Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. BMO Capital Markets boosted their price target on Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 price objective (down previously from $44.00) on shares of Antero Resources in a research report on Monday, December 8th. Finally, UBS Group boosted their price objective on Antero Resources from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $45.60.

Antero Resources 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.