Ieq Capital LLC Boosts Holdings in Antero Resources Co. (NYSE:AR)

Ieq Capital LLC raised its stake in shares of Antero Resources Co. (NYSE:AR) by 159.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,377 shares of the oil and natural gas company’s stock after buying an additional 21,732 shares during the quarter. Ieq Capital LLC’s holdings in Antero Resources were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pinnacle Bancorp Inc. purchased a new stake in shares of Antero Resources in the fourth quarter worth about $28,000. Spire Wealth Management purchased a new stake in shares of Antero Resources during the 4th quarter worth approximately $31,000. True Wealth Design LLC bought a new position in shares of Antero Resources during the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Antero Resources by 205.2% in the fourth 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 purchasing an additional 913 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Antero Resources by 59.6% in 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 purchasing an additional 523 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is currently owned by company insiders.

Antero Resources Trading Down 0.7 %

AR stock opened at $37.88 on Tuesday. The company has a market capitalization of $11.79 billion, a PE ratio of 118.36 and a beta of 3.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $41.53. The firm’s 50-day moving average is $37.30 and its 200 day moving average is $31.76.

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 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%. On average, research analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

AR has been the subject of several research reports. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Thursday, February 13th. Bank of America began coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price target for the company. Truist Financial upped their price objective on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, Mizuho boosted their target price on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.44.

About Antero Resources

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.