146,351 Shares in Antero Resources Corporation $AR Purchased by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new position in Antero Resources Corporation (NYSE:AR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 146,351 shares of the oil and natural gas company’s stock, valued at approximately $5,043,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Annandale Capital LLC increased its holdings in shares of Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares during the period. Brooklyn Investment Group boosted its stake in shares of Antero Resources by 2.0% in the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after buying an additional 305 shares during the period. Uhlmann Price Securities LLC grew its position in Antero Resources by 2.2% during the third quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after buying an additional 325 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Antero Resources by 4.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after acquiring an additional 343 shares during the period. Finally, IFP Advisors Inc raised its holdings in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 345 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the transaction, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the transaction, the insider directly owned 277,665 shares of the company’s stock, valued at $10,903,904.55. This trade represents a 12.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 252,316 shares of company stock worth $9,977,259 over the last 90 days. Insiders own 6.30% of the company’s stock.

Antero Resources Stock Down 1.2%

NYSE AR opened at $35.94 on Friday. The business has a fifty day moving average price of $39.36 and a two-hundred day moving average price of $35.88. The stock has a market capitalization of $11.13 billion, a PE ratio of 11.67, a PEG ratio of 0.35 and a beta of 0.36. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the company posted $0.48 EPS. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. Equities analysts expect that Antero Resources Corporation will post 4.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup upped their target price on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Williams Trading set a $56.00 price target on Antero Resources in a research report on Monday, April 20th. Bank of America boosted their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Truist Financial started coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price objective for the company. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $57.00 price objective on shares of Antero Resources in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $49.63.

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.