SG Americas Securities LLC Raises Stock Position in Antero Resources Corporation $AR

SG Americas Securities LLC raised its position in Antero Resources Corporation (NYSE:AR) by 197.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 429,514 shares of the oil and natural gas company’s stock after purchasing an additional 284,887 shares during the quarter. SG Americas Securities LLC’s holdings in Antero Resources were worth $18,229,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Park National Corp OH increased its holdings in shares of Antero Resources by 5.1% during the 1st quarter. Park National Corp OH now owns 12,612 shares of the oil and natural gas company’s stock worth $535,000 after buying an additional 612 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Antero Resources during the 1st quarter valued at approximately $722,000. Purpose Unlimited Inc. acquired a new position in Antero Resources in the fourth quarter valued at approximately $645,000. Rockefeller Capital Management L.P. grew its position in Antero Resources by 311.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 8,858 shares of the oil and natural gas company’s stock worth $305,000 after acquiring an additional 6,704 shares during the period. Finally, Corient Private Wealth LLC purchased a new position in Antero Resources in the fourth quarter worth approximately $228,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of research analyst reports. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, March 5th. Weiss Ratings cut Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. UBS Group raised their price objective on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Bank of America boosted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Williams Trading set a $56.00 target price on shares of Antero Resources in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and a consensus target price of $50.38.

Antero Resources Stock Down 0.7%

Antero Resources stock opened at $34.47 on Friday. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a 50 day moving average price of $36.38 and a 200 day moving average price of $36.37. The company has a market capitalization of $10.68 billion, a PE ratio of 11.19 and a beta of 0.33.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the transaction, the insider directly owned 277,665 shares in the company, valued at $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the completion of the sale, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is owned by corporate insiders.

Antero Resources Profile

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.