Aristotle Atlantic Partners LLC Grows Stake in Antero Resources Corporation $AR

Aristotle Atlantic Partners LLC grew its holdings in Antero Resources Corporation (NYSE:AR) by 66.4% during the fourth quarter, HoldingsChannel reports. The fund owned 565,039 shares of the oil and natural gas company’s stock after purchasing an additional 225,478 shares during the period. Aristotle Atlantic Partners LLC’s holdings in Antero Resources were worth $19,471,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Goodman Financial Corp purchased a new position in shares of Antero Resources in the 3rd quarter valued at about $14,791,000. WINTON GROUP Ltd boosted its stake in Antero Resources by 201.6% in the third quarter. WINTON GROUP Ltd now owns 68,884 shares of the oil and natural gas company’s stock valued at $2,312,000 after acquiring an additional 46,045 shares in the last quarter. Brandywine Global Investment Management LLC boosted its stake in Antero Resources by 77.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after acquiring an additional 94,260 shares in the last quarter. Intech Investment Management LLC boosted its stake in Antero Resources by 56.9% in the third quarter. Intech Investment Management LLC now owns 406,900 shares of the oil and natural gas company’s stock valued at $13,656,000 after acquiring an additional 147,571 shares in the last quarter. Finally, Lighthouse Investment Partners LLC boosted its stake in Antero Resources by 213.9% in the third quarter. Lighthouse Investment Partners LLC now owns 300,000 shares of the oil and natural gas company’s stock valued at $10,068,000 after acquiring an additional 204,420 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AR. Barclays upped their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Jefferies Financial Group restated a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a research note on Friday, May 1st. Mizuho upped their price objective on shares of Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Finally, Truist Financial began coverage on shares of Antero Resources in a research note on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price objective for the company. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $50.06.

Antero Resources Stock Down 0.0%

AR stock opened at $33.90 on Thursday. The company has a fifty day moving average price of $36.87 and a 200 day moving average price of $36.46. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 11.01 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Insider Buying and Selling at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the company’s stock in a transaction on Monday, May 4th. The shares were 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 owned 277,665 shares in the company, valued at $10,903,904.55. This represents a 12.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction 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 approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. 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. 4.10% of the stock is owned by corporate insiders.

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.