Savant Capital LLC Sells 23,149 Shares of Antero Resources Corporation $AR

Savant Capital LLC cut its stake in shares of Antero Resources Corporation (NYSE:AR) by 71.1% during the 4th quarter, Holdings Channel reports. The fund owned 9,426 shares of the oil and natural gas company’s stock after selling 23,149 shares during the period. Savant Capital LLC’s holdings in Antero Resources were worth $325,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AR. Sunbelt Securities Inc. acquired a new position in Antero Resources during the third quarter worth $30,000. IFP Advisors Inc raised its holdings in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Antero Resources by 167.8% during the fourth quarter. Sound Income Strategies LLC now owns 1,824 shares of the oil and natural gas company’s stock worth $59,000 after buying an additional 1,143 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Antero Resources by 100.1% during the third quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock worth $83,000 after buying an additional 1,244 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in Antero Resources during the fourth quarter worth $99,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on AR shares. UBS Group upped their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Barclays upped their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Wells Fargo & Company upped their price objective on shares of Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Williams Trading set a $56.00 price objective on shares of Antero Resources in a report on Monday, April 20th. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.06.

Antero Resources Stock Performance

Shares of AR stock opened at $35.53 on Friday. The firm has a 50-day moving average of $38.10 and a 200-day moving average of $36.43. The company has a market cap of $11.01 billion, a P/E ratio of 11.54 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75.

Insider Activity

In other news, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 1,085,192 shares in the company, valued at $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the sale, the director owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. This represents a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 252,316 shares of company stock worth $9,977,259 over the last quarter. Insiders own 4.10% of the company’s stock.

About Antero Resources

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.