Antero Resources Co. (NYSE:AR) is Kailix Advisors LLC’s Largest Position

Kailix Advisors LLC lifted its position in Antero Resources Co. (NYSE:AR) by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,914,213 shares of the oil and natural gas company’s stock after purchasing an additional 423,017 shares during the quarter. Antero Resources comprises about 24.4% of Kailix Advisors LLC’s holdings, making the stock its biggest holding. Kailix Advisors LLC owned approximately 0.64% of Antero Resources worth $43,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Intellectus Partners LLC grew its holdings in shares of Antero Resources by 2.6% in the fourth quarter. Intellectus Partners LLC now owns 41,950 shares of the oil and natural gas company’s stock valued at $951,000 after purchasing an additional 1,050 shares during the period. Alaska Permanent Fund Corp purchased a new stake in shares of Antero Resources in the fourth quarter valued at about $453,000. Glenorchy Capital Ltd purchased a new position in Antero Resources during the fourth quarter worth about $1,724,000. GAMMA Investing LLC purchased a new position in Antero Resources during the fourth quarter worth about $74,000. Finally, Parkside Financial Bank & Trust boosted its stake in Antero Resources by 12,494.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 9,068 shares of the oil and natural gas company’s stock worth $206,000 after buying an additional 8,996 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts have weighed in on AR shares. Wells Fargo & Company increased their target price on shares of Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $26.00 to $36.00 in a research note on Wednesday, April 17th. Raymond James increased their price target on shares of Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Antero Resources has an average rating of “Hold” and a consensus target price of $30.69.

Antero Resources Stock Up 1.2 %

NYSE:AR traded up $0.41 during mid-day trading on Friday, hitting $33.80. The stock had a trading volume of 7,919,516 shares, compared to its average volume of 4,347,436. The stock has a 50-day simple moving average of $27.85 and a two-hundred day simple moving average of $25.48. The company has a market capitalization of $10.51 billion, a PE ratio of 169.00 and a beta of 3.30. Antero Resources Co. has a twelve month low of $19.91 and a twelve month high of $34.24. The company has a current ratio of 0.29, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. On average, equities research analysts anticipate that Antero Resources Co. will post 0.33 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.