Antero Resources Corporation $AR Stock Position Raised by Fifth Third Bancorp

Fifth Third Bancorp increased its position in Antero Resources Corporation (NYSE:AR) by 5,311.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 160,115 shares of the oil and natural gas company’s stock after purchasing an additional 157,156 shares during the period. Fifth Third Bancorp’s holdings in Antero Resources were worth $6,795,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp boosted its position in shares of Antero Resources by 1.2% in the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after buying an additional 116,461 shares during the period. Dimensional Fund Advisors LP raised its position in Antero Resources by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,085,648 shares of the oil and natural gas company’s stock valued at $313,106,000 after buying an additional 1,115,258 shares during the period. Sourcerock Group LLC grew its stake in Antero Resources by 10.6% during the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after acquiring an additional 783,117 shares in the last quarter. Invesco Ltd. grew its stake in Antero Resources by 18.0% during the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock valued at $172,291,000 after acquiring an additional 761,842 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Antero Resources by 35.4% in the 4th quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock valued at $161,768,000 after purchasing an additional 1,226,828 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AR shares. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Zacks Research lowered shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Williams Trading set a $56.00 price target on shares of Antero Resources in a report on Monday, April 20th. UBS Group dropped their price target on shares of Antero Resources from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Truist Financial cut their price objective on Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.12.

Insider Buying and Selling

In related news, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $42,680,601.36. This trade represents a 14.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 company’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 owned 277,665 shares in the company, valued at $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.10% of the company’s stock.

Antero Resources Stock Down 0.6%

AR opened at $33.36 on Friday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The business has a 50 day moving average price of $35.41 and a 200 day moving average price of $36.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $10.34 billion, a P/E ratio of 10.83 and a beta of 0.33.

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.