Diamond Hill Capital Management Inc. Purchases 64,378 Shares of Antero Resources Corporation $AR

Diamond Hill Capital Management Inc. raised its stake in shares of Antero Resources Corporation (NYSE:AR) by 10.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 659,986 shares of the oil and natural gas company’s stock after purchasing an additional 64,378 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Antero Resources were worth $22,743,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Annandale Capital LLC lifted its stake in Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares during the period. Brooklyn Investment Group boosted its stake in shares of Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after purchasing an additional 305 shares in the last quarter. Uhlmann Price Securities LLC boosted its stake in shares of Antero Resources by 2.2% in the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock valued at $508,000 after purchasing an additional 325 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Antero Resources by 4.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after buying an additional 343 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 345 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the sale, the insider owned 277,665 shares in the company, valued at $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the sale, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 252,316 shares of company stock valued at $9,977,259 in the last quarter. 6.30% of the stock is currently owned by insiders.

Antero Resources Trading Down 2.4%

NYSE:AR opened at $37.07 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 business has a 50 day moving average price of $39.37 and a two-hundred day moving average price of $36.26. The company has a market cap of $11.49 billion, a P/E ratio of 12.04 and a beta of 0.36.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Citigroup upped their price target on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Zacks Research raised Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a research note on Friday, May 1st. Finally, Barclays upped their price target on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $49.63.

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.