WINTON GROUP Ltd Has $9.86 Million Position in Antero Resources Corporation $AR

WINTON GROUP Ltd increased its holdings in shares of Antero Resources Corporation (NYSE:AR) by 315.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 286,201 shares of the oil and natural gas company’s stock after acquiring an additional 217,317 shares during the quarter. WINTON GROUP Ltd owned about 0.09% of Antero Resources worth $9,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goodman Financial Corp purchased a new position in Antero Resources in the third quarter worth about $14,791,000. Diamond Hill Capital Management Inc. boosted its position in Antero Resources by 43.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 595,608 shares of the oil and natural gas company’s stock worth $19,989,000 after purchasing an additional 180,390 shares during the last quarter. Caprock Group LLC purchased a new position in Antero Resources in the third quarter worth about $1,730,000. Colrain Capital LLC boosted its position in Antero Resources by 56.2% in the third quarter. Colrain Capital LLC now owns 254,550 shares of the oil and natural gas company’s stock worth $8,543,000 after purchasing an additional 91,550 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in Antero Resources in the third quarter worth about $2,292,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Down 4.2%

AR stock opened at $35.53 on Friday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The stock has a market cap of $11.01 billion, a P/E ratio of 11.54 and a beta of 0.33. The business’s 50-day moving average price is $38.10 and its 200-day moving average price is $36.43.

Insider Activity

In related news, insider Michael N. Kennedy sold 185,826 shares of the business’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 value of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was 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 in the company, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 252,316 shares of company stock valued at $9,977,259 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Bank of America raised their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley lifted their price objective on Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Mizuho lifted their price objective on Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Finally, Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.06.

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.