Wealth High Governance Capital Ltda Trims Position in Antero Resources Co. (NYSE:AR)

Wealth High Governance Capital Ltda reduced its stake in shares of Antero Resources Co. (NYSE:AR) by 69.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 62,001 shares of the oil and natural gas company’s stock after selling 137,999 shares during the quarter. Wealth High Governance Capital Ltda’s holdings in Antero Resources were worth $2,173,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Versor Investments LP raised its stake in Antero Resources by 271.1% during the third quarter. Versor Investments LP now owns 44,900 shares of the oil and natural gas company’s stock worth $1,286,000 after purchasing an additional 32,800 shares during the period. Barnett & Company Inc. bought a new position in Antero Resources in the third quarter worth about $510,000. MQS Management LLC bought a new position in Antero Resources in the third quarter worth about $223,000. KBC Group NV lifted its holdings in Antero Resources by 12.4% in the third quarter. KBC Group NV now owns 8,086 shares of the oil and natural gas company’s stock worth $232,000 after acquiring an additional 889 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Antero Resources by 6.2% in the third quarter. Natixis Advisors LLC now owns 1,516,963 shares of the oil and natural gas company’s stock valued at $43,461,000 after purchasing an additional 88,099 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Antero Resources Stock Up 3.3 %

Shares of NYSE:AR opened at $35.83 on Wednesday. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 111.98 and a beta of 3.38. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $41.53. The business’s 50 day moving average is $37.99 and its 200 day moving average is $32.40.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on AR. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Mizuho raised 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. Williams Trading set a $48.00 price objective on shares of Antero Resources in a research note on Wednesday, March 5th. Finally, Raymond James lifted their price objective on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.94.

Antero Resources Company 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.