HighTower Advisors LLC Has $5.02 Million Stake in Antero Resources Corporation $AR

HighTower Advisors LLC lifted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 84.5% during the 4th quarter, Holdings Channel reports. The firm owned 145,751 shares of the oil and natural gas company’s stock after purchasing an additional 66,766 shares during the period. HighTower Advisors LLC’s holdings in Antero Resources were worth $5,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Auxano Advisors LLC increased its stake in Antero Resources by 6.0% during the 4th quarter. Auxano Advisors LLC now owns 10,440 shares of the oil and natural gas company’s stock worth $360,000 after acquiring an additional 593 shares during the period. North Dakota State Investment Board bought a new stake in Antero Resources during the fourth quarter worth about $353,000. S&CO Inc. grew its stake in Antero Resources by 3.2% during the fourth quarter. S&CO Inc. now owns 479,399 shares of the oil and natural gas company’s stock worth $16,520,000 after buying an additional 15,001 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Antero Resources by 1,399.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 67,016 shares of the oil and natural gas company’s stock valued at $2,309,000 after buying an additional 62,547 shares during the period. Finally, Tejara Capital Ltd raised its position in shares of Antero Resources by 251.5% in the 4th quarter. Tejara Capital Ltd now owns 139,900 shares of the oil and natural gas company’s stock valued at $4,821,000 after buying an additional 100,100 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of AR opened at $35.81 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The stock has a market cap of $11.10 billion, a PE ratio of 11.63 and a beta of 0.36. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The business has a 50-day simple moving average of $38.91 and a two-hundred day simple moving average of $36.36.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the sale, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the transaction, the director directly owned 150,242 shares in the company, valued at approximately $6,610,648. This trade represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 252,316 shares of company stock valued at $9,977,259. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings raised shares of Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Roth Mkm reissued a “neutral” rating and set a $38.00 price target on shares of Antero Resources in a report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a research note on Friday, May 1st. Citigroup boosted their target price on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Finally, Williams Trading set a $56.00 price target on shares of Antero Resources in a research note on Monday, April 20th. Four investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.