United Services Automobile Association Boosts Holdings in Antero Resources Corp (AR)

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United Services Automobile Association raised its holdings in shares of Antero Resources Corp (NYSE:AR) by 2.9% during the third quarter, HoldingsChannel.com reports. The firm owned 710,622 shares of the oil and natural gas company’s stock after purchasing an additional 20,159 shares during the period. United Services Automobile Association’s holdings in Antero Resources were worth $12,585,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. grew its position in shares of Antero Resources by 114.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,900 shares of the oil and natural gas company’s stock worth $158,000 after buying an additional 4,750 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Antero Resources in the 3rd quarter worth approximately $177,000. MHI Funds LLC purchased a new position in shares of Antero Resources in the 3rd quarter worth approximately $253,000. Standard Life Aberdeen plc purchased a new position in shares of Antero Resources in the 2nd quarter worth approximately $254,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Antero Resources in the 2nd quarter worth approximately $257,000. 95.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Antero Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 15th. Citigroup cut their price objective on shares of Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 13th. BMO Capital Markets downgraded shares of Antero Resources from an “outperform” rating to a “market perform” rating in a research report on Friday, September 21st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Monday, November 12th. Finally, MKM Partners assumed coverage on shares of Antero Resources in a research report on Wednesday. They issued a “buy” rating and a $17.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Antero Resources presently has an average rating of “Hold” and an average target price of $22.53.

In other Antero Resources news, Director Richard W. Connor sold 6,907 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $16.49, for a total transaction of $113,896.43. Following the sale, the director now owns 26,059 shares of the company’s stock, valued at approximately $429,712.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Clark sold 20,429 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $12.80, for a total transaction of $261,491.20. Following the sale, the director now directly owns 26,924 shares in the company, valued at approximately $344,627.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,336 shares of company stock worth $388,888. 9.40% of the stock is owned by insiders.

NYSE:AR opened at $12.75 on Friday. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 106.25, a P/E/G ratio of 0.77 and a beta of 0.75. Antero Resources Corp has a twelve month low of $12.11 and a twelve month high of $22.69. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. Antero Resources’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. On average, equities research analysts expect that Antero Resources Corp will post 0.83 earnings per share for the current year.

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Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

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Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corp (NYSE:AR).

Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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