Antero Resources Co. (NYSE:AR) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its position in Antero Resources Co. (NYSE:AR) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,451 shares of the oil and natural gas company’s stock after selling 61,795 shares during the quarter. Cerity Partners LLC owned 0.07% of Antero Resources worth $7,692,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new position in Antero Resources in the fourth quarter valued at approximately $28,000. Spire Wealth Management acquired a new stake in shares of Antero Resources in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB raised its stake in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after acquiring an additional 913 shares during the period. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after acquiring an additional 523 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in Antero Resources during the 4th quarter worth $56,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Price Performance

Shares of NYSE AR opened at $33.05 on Friday. The business has a 50 day simple moving average of $37.75 and a 200-day simple moving average of $34.24. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 103.30 and a beta of 3.08. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

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

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s 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 directly owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AR shares. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Thursday, February 13th. TD Cowen raised Antero Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $46.00 in a research report on Tuesday. Truist Financial increased their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their target price on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Finally, Williams Trading set a $48.00 price target on shares of Antero Resources in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.44.

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.