Thrivent Financial for Lutherans Has $4.06 Million Stock Holdings in Antero Resources Corporation $AR

Thrivent Financial for Lutherans lifted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 14.8% during the 4th quarter, Holdings Channel reports. The firm owned 117,817 shares of the oil and natural gas company’s stock after purchasing an additional 15,215 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Antero Resources were worth $4,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its position in shares of Antero Resources by 1.2% during the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after purchasing an additional 116,461 shares in the last quarter. Sourcerock Group LLC boosted its position in shares of Antero Resources by 10.6% during the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after purchasing an additional 783,117 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock valued at $267,485,000 after purchasing an additional 1,922,977 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Antero Resources by 3.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,508,542 shares of the oil and natural gas company’s stock valued at $151,307,000 after purchasing an additional 140,416 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Antero Resources by 111.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock valued at $137,437,000 after purchasing an additional 2,099,755 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

In other Antero Resources news, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the transaction, the director owned 150,242 shares in the company, valued at approximately $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the transaction, the insider owned 277,665 shares in the company, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 252,316 shares of company stock worth $9,977,259. Corporate insiders own 6.30% of the company’s stock.

Antero Resources Stock Down 0.7%

Shares of NYSE:AR opened at $36.79 on Friday. The business’s 50 day simple moving average is $39.31 and its two-hundred day simple moving average is $36.26. The firm has a market cap of $11.40 billion, a P/E ratio of 11.95 and a beta of 0.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75.

Analysts Set New Price Targets

AR has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Williams Trading set a $56.00 target price on Antero Resources in a research report on Monday, April 20th. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, March 5th. Citigroup upped their target price on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Finally, Barclays upped their target price on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Five analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.