Paragon Capital Management Inc. Invests $1.66 Million in Antero Resources Corporation $AR

Paragon Capital Management Inc. bought a new position in shares of Antero Resources Corporation (NYSE:AR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,099 shares of the oil and natural gas company’s stock, valued at approximately $1,659,000. Antero Resources makes up approximately 1.4% of Paragon Capital Management Inc.’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AR. SG Americas Securities LLC lifted its position in Antero Resources by 197.0% during the first quarter. SG Americas Securities LLC now owns 429,514 shares of the oil and natural gas company’s stock valued at $18,229,000 after buying an additional 284,887 shares in the last quarter. Park National Corp OH increased its position in shares of 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 worth $535,000 after acquiring an additional 612 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Antero Resources in the 1st quarter valued at $722,000. Purpose Unlimited Inc. purchased a new position in shares of Antero Resources in the 4th quarter valued at $645,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of 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 valued at $305,000 after acquiring an additional 6,704 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AR shares. Mizuho upped their price target on shares of Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Bank of America raised their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Williams Trading set a $56.00 price objective on Antero Resources in a research note on Monday, April 20th. Morgan Stanley upped their target price on Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Finally, Weiss Ratings lowered Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $50.06.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 277,665 shares of the company’s stock, valued at $10,903,904.55. This represents a 12.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.10% of the company’s stock.

Antero Resources Price Performance

Shares of AR stock opened at $34.04 on Tuesday. The firm has a fifty day simple moving average of $36.53 and a 200-day simple moving average of $36.41. The company has a market capitalization of $10.55 billion, a PE ratio of 11.05 and a beta of 0.33. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. 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 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.