Traders Purchase Large Volume of Antero Midstream Call Options (NYSE:AM)

Antero Midstream Co. (NYSE:AM) saw some unusual options trading activity on Wednesday. Stock investors acquired 7,677 call options on the company. This is an increase of 274% compared to the typical volume of 2,055 call options.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds have recently added to or reduced their stakes in AM. Ashton Thomas Securities LLC acquired a new position in Antero Midstream in the third quarter worth approximately $38,000. Financial Management Professionals Inc. increased its holdings in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after buying an additional 1,000 shares during the last quarter. Blue Trust Inc. increased its holdings in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new position in Antero Midstream in the third quarter worth approximately $48,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Antero Midstream in the second quarter worth approximately $55,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of AM opened at $16.13 on Thursday. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 19.91 and a beta of 2.34. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.35. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50-day moving average is $15.34 and its 200-day moving average is $14.95.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.58%. Antero Midstream’s dividend payout ratio is 111.11%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AM shares. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a report on Wednesday, December 18th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.