Global Retirement Partners LLC grew its holdings in shares of Antero Resources Co. (NYSE:AR – Get Rating) by 49.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,154 shares of the oil and natural gas company's stock after purchasing an additional 2,354 shares during the quarter. Global Retirement Partners LLC's holdings in Antero Resources were worth $219,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the business. Swiss National Bank grew its stake in shares of Antero Resources by 7.4% during the 1st quarter. Swiss National Bank now owns 668,100 shares of the oil and natural gas company's stock worth $20,397,000 after acquiring an additional 45,900 shares during the period. American Century Companies Inc. grew its stake in shares of Antero Resources by 98.2% during the 1st quarter. American Century Companies Inc. now owns 1,032,436 shares of the oil and natural gas company's stock worth $31,520,000 after acquiring an additional 511,656 shares during the period. UNC Management Company Inc. bought a new position in shares of Antero Resources during the 1st quarter worth $398,000. Nuveen Asset Management LLC grew its stake in shares of Antero Resources by 2.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,744,291 shares of the oil and natural gas company's stock worth $30,525,000 after acquiring an additional 47,192 shares during the period. Finally, Quent Capital LLC grew its stake in shares of Antero Resources by 55.5% during the 1st quarter. Quent Capital LLC now owns 1,774 shares of the oil and natural gas company's stock worth $54,000 after acquiring an additional 633 shares during the period. 80.15% of the stock is owned by hedge funds and other institutional investors.
Get Antero Resources alerts:Antero Resources Stock Performance
Shares of NYSE AR opened at $29.53 on Wednesday. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 10.98 and a beta of 3.63. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Antero Resources Co. has a 1-year low of $15.38 and a 1-year high of $48.80. The stock's 50-day moving average is $38.62 and its 200 day moving average is $35.96.
Antero Resources (NYSE:AR – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The oil and natural gas company reported $1.69 earnings per share for the quarter, missing analysts' consensus estimates of $1.90 by ($0.21). The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $1.82 billion. Antero Resources had a net margin of 16.24% and a return on equity of 19.52%. The business's quarterly revenue was up 352.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. On average, sell-side analysts anticipate that Antero Resources Co. will post 6.56 EPS for the current fiscal year.Insider Activity at Antero Resources
In related news, Director Robert J. Clark sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $40.17, for a total transaction of $200,850.00. Following the transaction, the director now directly owns 71,227 shares of the company's stock, valued at approximately $2,861,188.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Antero Resources news, Director Robert J. Clark sold 5,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $40.17, for a total value of $200,850.00. Following the transaction, the director now directly owns 71,227 shares of the company's stock, valued at approximately $2,861,188.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider W Patrick Ash sold 36,701 shares of Antero Resources stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $38.89, for a total value of $1,427,301.89. Following the completion of the transaction, the insider now directly owns 870,270 shares in the company, valued at $33,844,800.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,701 shares of company stock valued at $1,853,152. Corporate insiders own 5.72% of the company's stock.
Analysts Set New Price Targets
AR has been the subject of several analyst reports. Scotiabank initiated coverage on Antero Resources in a research note on Wednesday, August 3rd. They issued a "sector perform" rating and a $47.00 target price for the company. Truist Financial raised their target price on Antero Resources from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, July 19th. The Goldman Sachs Group raised their target price on Antero Resources from $43.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, August 30th. Mizuho cut their target price on Antero Resources from $53.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, August 18th. Finally, Morgan Stanley cut their target price on Antero Resources from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, August 29th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.70.
Antero Resources Profile
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Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.
Further Reading
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