Antero Resources Corporation $AR Shares Sold by ING Groep NV

ING Groep NV lessened its holdings in Antero Resources Corporation (NYSE:AR) by 65.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,300 shares of the oil and natural gas company’s stock after selling 126,200 shares during the quarter. ING Groep NV’s holdings in Antero Resources were worth $2,250,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in Antero Resources in the 4th quarter worth approximately $41,000. WINTON GROUP Ltd increased its holdings in Antero Resources by 315.5% in the 4th quarter. WINTON GROUP Ltd now owns 286,201 shares of the oil and natural gas company’s stock worth $9,862,000 after buying an additional 217,317 shares during the period. Parallel Advisors LLC increased its holdings in Antero Resources by 16.7% in the 4th 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 period. Fore Capital LLC acquired a new position in Antero Resources in the 4th quarter worth approximately $2,240,000. Finally, Cibc World Market Inc. acquired a new position in Antero Resources in the 4th quarter worth approximately $1,154,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In other news, Director Benjamin A. Hardesty sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the sale, the director owned 150,242 shares of the company’s stock, valued at $6,610,648. This trade represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction on 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 completion of the sale, the insider directly owned 277,665 shares in the company, valued at $10,903,904.55. This represents a 12.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 237,316 shares of company stock valued at $9,387,309 in the last 90 days. 4.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AR. Williams Trading set a $56.00 price target on shares of Antero Resources in a report on Monday, April 20th. Citigroup increased their price target on shares of Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Truist Financial began coverage on shares of Antero Resources in a research note on Tuesday, March 24th. They set a “buy” rating and a $56.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Antero Resources in a research note on Friday, May 1st. Finally, Weiss Ratings cut shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $50.06.

Antero Resources Price Performance

Shares of NYSE AR opened at $34.62 on Wednesday. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 11.24 and a beta of 0.33. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The firm’s 50 day simple moving average is $37.71 and its 200-day simple moving average is $36.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Antero Resources Company 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.