Retirement Systems of Alabama Acquires 354,789 Shares of Antero Resources Corporation $AR

Retirement Systems of Alabama lifted its holdings in Antero Resources Corporation (NYSE:AR) by 100.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 709,630 shares of the oil and natural gas company’s stock after acquiring an additional 354,789 shares during the period. Retirement Systems of Alabama owned approximately 0.23% of Antero Resources worth $24,454,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Root Financial Partners LLC bought a new stake in Antero Resources in the 3rd quarter valued at about $26,000. Sunbelt Securities Inc. bought a new position in shares of Antero Resources during the third quarter worth approximately $30,000. IFP Advisors Inc increased its holdings in shares of 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 purchasing an additional 345 shares during the period. Newbridge Financial Services Group Inc. raised its position in shares of Antero Resources by 114.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after buying an additional 500 shares in the last quarter. Finally, Clearstead Advisors LLC raised its position in shares of Antero Resources by 100.1% in the third quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock valued at $83,000 after buying an additional 1,244 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group increased their price target on Antero Resources from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 29th. 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. 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. Finally, Morgan Stanley decreased their price target on Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Antero Resources Stock Performance

NYSE AR opened at $42.25 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 20.92 and a beta of 0.52. The firm’s 50 day simple moving average is $37.42 and its 200 day simple moving average is $34.93. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. As a group, research analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In related news, 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 sale, the director directly owned 150,242 shares in the company, valued at $6,610,648. This represents a 7.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Yvette K. Schultz sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the completion of the sale, the insider directly owned 319,122 shares in the company, valued at $12,551,068.26. This trade represents a 4.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.30% of the company’s stock.

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.