Antero Resources Corporation $AR Stock Holdings Raised by Kore Advisors LP

Kore Advisors LP lifted its stake in shares of Antero Resources Corporation (NYSE:AR) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 228,907 shares of the oil and natural gas company’s stock after acquiring an additional 20,000 shares during the period. Antero Resources makes up 5.8% of Kore Advisors LP’s holdings, making the stock its 4th biggest holding. Kore Advisors LP’s holdings in Antero Resources were worth $7,888,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in Antero Resources during the 3rd quarter worth approximately $30,000. IFP Advisors Inc increased its holdings in Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Antero Resources during the 4th quarter worth approximately $41,000. Hilton Head Capital Partners LLC purchased a new stake in Antero Resources during the 4th quarter worth approximately $44,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in Antero Resources during the 4th quarter worth approximately $45,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the sale, the insider directly owned 277,665 shares in the company, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction that occurred 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 owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 237,316 shares of company stock worth $9,387,309. 4.10% of the stock is currently owned by insiders.

Antero Resources Price Performance

Shares of NYSE AR opened at $34.80 on Friday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 11.30 and a beta of 0.33. The business has a 50 day simple moving average of $37.26 and a 200-day simple moving average of $36.46.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AR shares. Morgan Stanley lifted their price objective on Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Citigroup lifted their price objective on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Thursday, March 5th. Truist Financial started coverage on Antero Resources in a report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price objective on the stock. Finally, UBS Group lifted their price objective on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.06.

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.