Antero Resources Co. (NYSE:AR) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its position in shares of Antero Resources Co. (NYSE:AR) by 28.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,752 shares of the oil and natural gas company’s stock after purchasing an additional 602 shares during the period. Quadrant Capital Group LLC’s holdings in Antero Resources were worth $62,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its stake in shares of Antero Resources by 81.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after purchasing an additional 664 shares in the last quarter. Planned Solutions Inc. bought a new stake in shares of Antero Resources during the 4th quarter worth about $45,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Antero Resources in the 3rd quarter worth approximately $47,000. GAMMA Investing LLC bought a new position in shares of Antero Resources in the fourth quarter valued at approximately $74,000. Finally, Payden & Rygel Investment Group acquired a new position in shares of Antero Resources during the third quarter valued at approximately $99,000. Institutional investors own 83.04% of the company’s stock.

Insider Activity

In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 300,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $34.23, for a total value of $10,269,000.00. Following the completion of the transaction, the director now directly owns 2,162,993 shares in the company, valued at $74,039,250.39. The disclosure for this sale can be found here. Insiders have sold 943,657 shares of company stock worth $28,479,689 in the last 90 days. Company insiders own 5.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Benchmark cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Truist Financial reduced their price objective on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Wells Fargo & Company boosted their target price on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Scotiabank raised their target price on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources has a consensus rating of “Hold” and a consensus target price of $32.69.

Antero Resources Price Performance

Shares of NYSE:AR opened at $33.28 on Monday. The company’s fifty day moving average is $31.10 and its two-hundred day moving average is $26.22. The company has a market cap of $10.34 billion, a P/E ratio of 166.40 and a beta of 3.27. Antero Resources Co. has a 12-month low of $19.91 and a 12-month high of $35.83. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Equities analysts expect that Antero Resources Co. will post 0.33 earnings per share for the current fiscal year.

About Antero Resources

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.