Antero Resources Co. (NYSE:AR) Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP trimmed its stake in shares of Antero Resources Co. (NYSE:AR) by 23.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,049 shares of the oil and natural gas company’s stock after selling 11,581 shares during the quarter. Readystate Asset Management LP’s holdings in Antero Resources were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Antero Resources by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock worth $628,104,000 after buying an additional 173,378 shares in the last quarter. State Street Corp increased its position in Antero Resources by 4.9% during the first quarter. State Street Corp now owns 11,045,684 shares of the oil and natural gas company’s stock worth $255,045,000 after buying an additional 519,552 shares in the last quarter. Wellington Management Group LLP increased its position in Antero Resources by 55.5% during the third quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock worth $200,036,000 after buying an additional 2,814,127 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Antero Resources by 66.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock worth $193,043,000 after buying an additional 2,517,137 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Antero Resources by 28.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after buying an additional 1,253,510 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Antero Resources

In other news, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now directly owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock valued at $12,153,605 over the last three months. 5.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, January 17th. Truist Financial lowered their price objective on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Wells Fargo & Company lifted their price objective on Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Raymond James lifted their price objective on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.69.

Antero Resources Trading Down 1.0 %

Antero Resources stock traded down $0.30 during midday trading on Thursday, reaching $28.86. The stock had a trading volume of 3,845,702 shares, compared to its average volume of 4,780,819. Antero Resources Co. has a twelve month low of $19.91 and a twelve month high of $30.90. The stock has a market capitalization of $8.76 billion, a PE ratio of 37.47 and a beta of 3.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. The stock’s 50-day simple moving average is $26.71 and its 200 day simple moving average is $25.21.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. Analysts expect that Antero Resources Co. will post 0.25 EPS for the current year.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.