Antero Resources Co. (NYSE:AR) Shares Acquired by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. raised its holdings in Antero Resources Co. (NYSE:AR) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 554,234 shares of the oil and natural gas company’s stock after buying an additional 15,313 shares during the period. Antero Resources comprises approximately 1.5% of Mesirow Institutional Investment Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Mesirow Institutional Investment Management Inc. owned approximately 0.18% of Antero Resources worth $19,426,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AR. Vanguard Group Inc. increased its holdings in shares of Antero Resources by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock valued at $1,036,603,000 after purchasing an additional 214,060 shares during the last quarter. Wellington Management Group LLP lifted its position in Antero Resources by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock worth $689,135,000 after acquiring an additional 2,201,429 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Antero Resources by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock worth $414,628,000 after acquiring an additional 1,274,760 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $140,020,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Antero Resources by 7.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company’s stock worth $99,940,000 after purchasing an additional 186,727 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and set a $58.00 target price on shares of Antero Resources in a report on Wednesday, March 26th. The Goldman Sachs Group increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company upped their target price on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $42.44.

Antero Resources Price Performance

Shares of NYSE:AR opened at $34.35 on Friday. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 107.33 and a beta of 3.08. The stock’s 50 day moving average is $37.22 and its 200-day moving average is $34.43. 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 twelve month low of $24.53 and a twelve month high of $42.63.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

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.