Antero Resources Corporation $AR Shares Sold by AGF Management Ltd.

AGF Management Ltd. lessened its holdings in Antero Resources Corporation (NYSE:AR) by 71.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,168 shares of the oil and natural gas company’s stock after selling 379,825 shares during the period. AGF Management Ltd.’s holdings in Antero Resources were worth $4,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AR. Huntington National Bank raised its stake in shares of Antero Resources by 91.3% during the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 313 shares during the period. Root Financial Partners LLC purchased a new stake in Antero Resources in the 3rd quarter worth $26,000. Newbridge Financial Services Group Inc. raised its position in Antero Resources by 114.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after acquiring an additional 500 shares during the period. FNY Investment Advisers LLC raised its position in Antero Resources by 9,900.0% during the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after acquiring an additional 1,485 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Roth Mkm reissued a “neutral” rating and set a $36.00 target price on shares of Antero Resources in a research note on Monday, December 8th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research note on Thursday, January 15th. Bank of America raised their target price on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. UBS Group lifted their price target on Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $39.00 price objective (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.60.

Insiders Place Their Bets

In other Antero Resources news, insider Brendan E. Krueger bought 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was bought at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the purchase, the insider directly owned 295,917 shares in the company, valued at $9,868,831.95. The trade was a 1.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 6.30% of the company’s stock.

Antero Resources Price Performance

Shares of AR stock opened at $33.89 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $10.45 billion, a PE ratio of 18.02 and a beta of 0.55. The firm’s 50-day moving average is $34.34 and its two-hundred day moving average is $33.30. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $44.01.

Antero Resources Profile

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.