Antero Resources Co. (NYSE:AR) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its stake in shares of Antero Resources Co. (NYSE:AR) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,482 shares of the oil and natural gas company’s stock after purchasing an additional 300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Antero Resources were worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources during the fourth quarter worth approximately $28,000. Spire Wealth Management purchased a new position in shares of Antero Resources during the fourth quarter worth approximately $31,000. True Wealth Design LLC purchased a new position in shares of Antero Resources during the third quarter worth approximately $30,000. Wilmington Savings Fund Society FSB grew its position in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after acquiring an additional 913 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after acquiring an additional 523 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AR shares. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Truist Financial raised their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. UBS Group lifted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Mizuho lifted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

Antero Resources Price Performance

Shares of NYSE AR opened at $36.67 on Friday. The firm has a market capitalization of $11.41 billion, a P/E ratio of 114.60 and a beta of 3.33. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.53. The company’s fifty day moving average is $37.64 and its two-hundred day moving average is $31.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Analysts forecast that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now owns 1,800,000 shares of the company’s stock, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Profile

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.