Shelton Capital Management Has $313,000 Stake in Antero Resources Co. (NYSE:AR)

Shelton Capital Management lessened its position in shares of Antero Resources Co. (NYSE:AR) by 3.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,571 shares of the oil and natural gas company’s stock after selling 442 shares during the period. Shelton Capital Management’s holdings in Antero Resources were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AR. Captrust Financial Advisors lifted its stake in shares of Antero Resources by 1.4% in the 3rd quarter. Captrust Financial Advisors now owns 30,771 shares of the oil and natural gas company’s stock valued at $939,000 after purchasing an additional 414 shares during the period. Mariner LLC boosted its holdings in shares of Antero Resources by 4.1% during the 4th quarter. Mariner LLC now owns 10,688 shares of the oil and natural gas company’s stock worth $331,000 after buying an additional 425 shares in the last quarter. Lumbard & Kellner LLC grew its position in shares of Antero Resources by 0.5% during the 1st quarter. Lumbard & Kellner LLC now owns 114,919 shares of the oil and natural gas company’s stock worth $2,644,000 after buying an additional 595 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Antero Resources by 4.5% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 13,676 shares of the oil and natural gas company’s stock valued at $316,000 after acquiring an additional 595 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Antero Resources by 43.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,240 shares of the oil and natural gas company’s stock valued at $52,000 after acquiring an additional 676 shares during the period. Institutional investors and hedge funds own 80.20% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE:AR opened at $25.22 on Tuesday. The company has a 50-day moving average price of $26.80 and a two-hundred day moving average price of $25.03. Antero Resources Co. has a twelve month low of $19.91 and a twelve month high of $38.70. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $7.58 billion, a PE ratio of 9.07 and a beta of 3.48.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, October 25th. The oil and natural gas company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.10. Antero Resources had a net margin of 15.76% and a return on equity of 5.74%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Equities analysts forecast that Antero Resources Co. will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 3,460 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $29.92, for a total transaction of $103,523.20. Following the sale, the insider now directly owns 105,596 shares in the company, valued at $3,159,432.32. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of Antero Resources from a “b-” rating to a “c+” rating in a report on Friday, July 28th. Wells Fargo & Company upped their price target on Antero Resources from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Truist Financial raised their price objective on Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, September 11th. Sanford C. Bernstein initiated coverage on Antero Resources in a research report on Tuesday, October 10th. They set a “market perform” rating and a $29.00 target price on the stock. Finally, Mizuho reduced their price target on shares of Antero Resources from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.58.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.