State of Wyoming Raises Stock Holdings in Antero Resources Corporation $AR

State of Wyoming grew its position in shares of Antero Resources Corporation (NYSE:AR) by 1,239.0% in the first quarter, Holdings Channel reports. The fund owned 16,604 shares of the oil and natural gas company’s stock after buying an additional 15,364 shares during the quarter. State of Wyoming’s holdings in Antero Resources were worth $705,000 at the end of the most recent reporting period.

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

Antero Resources Trading Down 0.5%

Shares of AR opened at $35.09 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 market cap of $10.87 billion, a P/E ratio of 11.39 and a beta of 0.33. 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’s fifty day simple moving average is $35.17 and its 200-day simple moving average is $36.32.

Insider Transactions at Antero Resources

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AR shares. Mizuho increased their price target on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. The Goldman Sachs Group reduced their price objective on Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Barclays upped their price objective on Antero Resources from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 24th. UBS Group lowered their price objective on Antero Resources from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings cut Antero Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.56.

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.