Antero Resources Corporation $AR Shares Purchased by CenterBook Partners LP

CenterBook Partners LP boosted its stake in shares of Antero Resources Corporation (NYSE:AR) by 77.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 119,487 shares of the oil and natural gas company’s stock after purchasing an additional 52,141 shares during the quarter. CenterBook Partners LP’s holdings in Antero Resources were worth $4,118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Annandale Capital LLC boosted its stake in Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after buying an additional 300 shares during the last quarter. Parallel Advisors LLC boosted its stake in Antero Resources by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after buying an additional 301 shares during the last quarter. Brooklyn Investment Group boosted its stake in Antero Resources by 2.0% during the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after buying an additional 305 shares during the last quarter. Uhlmann Price Securities LLC boosted its stake in Antero Resources by 2.2% during the third quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after buying an additional 325 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Antero Resources by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after buying an additional 343 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity

In other news, Director Benjamin A. Hardesty sold 12,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the transaction, the director owned 150,242 shares of the company’s stock, valued at $6,610,648. This represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $7,308,536.58. Following the completion of the transaction, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 237,316 shares of company stock valued at $9,387,309 in the last quarter. Insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AR shares. Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, March 5th. Morgan Stanley boosted their price objective on Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Williams Trading set a $56.00 price objective on Antero Resources in a research note on Monday, April 20th. UBS Group boosted their price objective on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings lowered Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.06.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $35.56 on Tuesday. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The business’s fifty day simple moving average is $37.92 and its 200-day simple moving average is $36.46. The firm has a market cap of $11.02 billion, a PE ratio of 11.54 and a beta of 0.33. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32.

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.