Wealth High Governance Capital Ltda Purchases Shares of 180,000 Antero Resources Corporation $AR

Wealth High Governance Capital Ltda acquired a new position in shares of Antero Resources Corporation (NYSE:AR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 180,000 shares of the oil and natural gas company’s stock, valued at approximately $6,041,000. Antero Resources comprises about 1.7% of Wealth High Governance Capital Ltda’s holdings, making the stock its 24th biggest holding. Wealth High Governance Capital Ltda owned approximately 0.06% of Antero Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of AR. Dimensional Fund Advisors LP raised its stake in shares of Antero Resources by 31.8% in the third quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock worth $267,485,000 after acquiring an additional 1,922,977 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Antero Resources during the third quarter valued at approximately $52,737,000. Ninepoint Partners LP increased its holdings in shares of Antero Resources by 60.7% in the third quarter. Ninepoint Partners LP now owns 2,250,000 shares of the oil and natural gas company’s stock valued at $75,510,000 after purchasing an additional 850,000 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Antero Resources by 18.4% in the second quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock valued at $211,805,000 after purchasing an additional 817,977 shares in the last quarter. Finally, Sourcerock Group LLC raised its position in Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after purchasing an additional 783,117 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity

In related news, insider Yvette K. Schultz sold 15,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the completion of the transaction, the insider directly owned 319,122 shares in the company, valued at approximately $12,551,068.26. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.

Antero Resources Stock Up 0.6%

Shares of AR stock traded up $0.24 during trading hours on Friday, hitting $40.59. 885,775 shares of the company were exchanged, compared to its average volume of 6,298,729. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of $34.70 and a two-hundred day moving average of $33.91. The company has a market capitalization of $12.52 billion, a PE ratio of 20.10 and a beta of 0.52.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm posted $0.48 EPS. The firm’s revenue was up 20.8% compared to the same quarter last year. Analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on AR. UBS Group increased their price objective on Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Tudor Pickering upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, March 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $39.00 price objective (down from $44.00) on shares of Antero Resources in a report on Monday, December 8th. Finally, Bank of America raised their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Four analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.87.

Antero Resources Company 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.