Mraz Amerine & Associates Inc. Acquires 10,518 Shares of Antero Resources Co. (NYSE:AR)

Mraz Amerine & Associates Inc. raised its holdings in shares of Antero Resources Co. (NYSE:AR) by 8.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,566 shares of the oil and natural gas company’s stock after acquiring an additional 10,518 shares during the quarter. Antero Resources comprises approximately 0.7% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 21st biggest holding. Mraz Amerine & Associates Inc.’s holdings in Antero Resources were worth $4,027,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. lifted its position in Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after purchasing an additional 2,893,395 shares during the last quarter. Natixis Advisors LLC raised its stake in Antero Resources by 488.7% in the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after buying an additional 1,186,163 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Antero Resources by 7,781.2% in the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock worth $31,113,000 after buying an additional 941,756 shares during the period. William Blair Investment Management LLC bought a new stake in Antero Resources during the 1st quarter valued at approximately $25,288,000. Finally, Castle Hook Partners LP grew its holdings in shares of Antero Resources by 160.3% during the 1st quarter. Castle Hook Partners LP now owns 1,226,758 shares of the oil and natural gas company’s stock worth $35,576,000 after acquiring an additional 755,439 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the sale, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AR. Citigroup started coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target for the company. Jefferies Financial Group raised their price objective on Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Roth Mkm started coverage on Antero Resources in a research note on Tuesday, August 27th. They set a “buy” rating and a $32.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, BMO Capital Markets lifted their price target on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.76.

Antero Resources Trading Up 2.8 %

Shares of AR stock opened at $27.69 on Friday. The stock’s 50-day moving average price is $27.47 and its 200-day moving average price is $30.31. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 138.45 and a beta of 3.33. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The firm had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Equities research analysts predict that Antero Resources Co. will post -0.21 EPS for the current fiscal year.

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 in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.