Antero Resources Co. (NYSE:AR) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its holdings in shares of Antero Resources Co. (NYSE:AR) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,550 shares of the oil and natural gas company’s stock after acquiring an additional 800 shares during the period. Treasurer of the State of North Carolina’s holdings in Antero Resources were worth $4,471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AR. Vanguard Group Inc. boosted its stake in Antero Resources by 0.7% during the 4th 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 acquiring an additional 214,060 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of 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 purchasing an additional 2,201,429 shares during the last quarter. Geode Capital Management LLC grew its stake in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after purchasing an additional 61,490 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Antero Resources in the fourth quarter valued at about $140,020,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Antero Resources by 7.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company’s stock valued at $99,940,000 after buying an additional 186,727 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Trading Up 0.1 %

Antero Resources stock opened at $33.14 on Tuesday. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $42.63. The stock has a market capitalization of $10.31 billion, a PE ratio of 103.57 and a beta of 3.08. The firm has a 50 day simple moving average of $37.63 and a 200-day simple moving average of $34.32. 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 (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, equities research analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AR. Williams Trading set a $48.00 price target on Antero Resources in a report on Wednesday, March 5th. Morgan Stanley reiterated an “overweight” rating and set a $58.00 target price on shares of Antero Resources in a research note on Wednesday, March 26th. UBS Group raised their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Thursday, February 13th. Finally, Raymond James raised their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.44.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred on 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 transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is owned by company insiders.

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.