Vaughan Nelson Investment Management L.P. Cuts Holdings in Antero Resources Corporation $AR

Vaughan Nelson Investment Management L.P. lowered its stake in Antero Resources Corporation (NYSE:AR) by 17.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,441,273 shares of the oil and natural gas company’s stock after selling 313,075 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.47% of Antero Resources worth $61,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Park National Corp OH raised its holdings in Antero Resources by 5.1% in the first quarter. Park National Corp OH now owns 12,612 shares of the oil and natural gas company’s stock valued at $535,000 after acquiring an additional 612 shares in the last quarter. Diversified Trust Co purchased a new position in Antero Resources in the first quarter worth approximately $722,000. Purpose Unlimited Inc. acquired a new position in Antero Resources during the 4th quarter worth approximately $645,000. Rockefeller Capital Management L.P. grew its holdings in Antero Resources by 311.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,858 shares of the oil and natural gas company’s stock worth $305,000 after acquiring an additional 6,704 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of Antero Resources in the 4th quarter valued at approximately $228,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AR. Morgan Stanley raised their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, March 5th. UBS Group raised their price target on Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Truist Financial assumed coverage on Antero Resources in a report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and a consensus target price of $50.06.

Antero Resources Stock Up 0.0%

AR stock opened at $33.23 on Monday. The stock has a market cap of $10.30 billion, a P/E ratio of 10.79 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company’s 50 day moving average is $36.61 and its two-hundred day moving average is $36.42.

Insider Buying and Selling at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the sale, the insider directly owned 277,665 shares of the company’s stock, valued at $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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 $42,680,601.36. This represents a 14.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is 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.