SailingStone Capital Partners LLC Acquires 326,071 Shares of Antero Resources Corporation $AR

SailingStone Capital Partners LLC lifted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 60.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 869,229 shares of the oil and natural gas company’s stock after purchasing an additional 326,071 shares during the period. Antero Resources accounts for 7.5% of SailingStone Capital Partners LLC’s holdings, making the stock its 6th biggest holding. SailingStone Capital Partners LLC owned about 0.28% of Antero Resources worth $29,954,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources during the third quarter worth $30,000. IFP Advisors Inc raised its stake in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Antero Resources during the fourth quarter worth $41,000. Hilton Head Capital Partners LLC bought a new stake in Antero Resources in the fourth quarter valued at $44,000. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in Antero Resources in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Down 0.3%

Antero Resources stock opened at $33.91 on Wednesday. The stock has a market cap of $10.51 billion, a P/E ratio of 11.01 and a beta of 0.33. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm’s fifty day moving average price is $37.00 and its 200-day moving average price is $36.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AR shares. Weiss Ratings lowered Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Barclays upped their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Roth Mkm reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. UBS Group boosted their target price on shares of Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Bank of America upped their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $50.06.

Insider Transactions at Antero Resources

In other news, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the transaction, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin A. Hardesty sold 12,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the transaction, the director directly owned 150,242 shares in the company, valued at approximately $6,610,648. The trade was a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 237,316 shares of company stock valued at $9,387,309. 4.10% of the stock is currently owned by company insiders.

About Antero Resources

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.