Fort Sheridan Advisors LLC Invests $911,000 in Antero Resources Co. (NYSE:AR)

Fort Sheridan Advisors LLC bought a new position in shares of Antero Resources Co. (NYSE:AR) in the fourth quarter, HoldingsChannel reports. The firm bought 25,986 shares of the oil and natural gas company’s stock, valued at approximately $911,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of AR. Wellington Management Group LLP increased its holdings in shares of Antero Resources by 4.0% in the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares during the last quarter. Geode Capital Management LLC increased its stake in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after acquiring an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after acquiring an additional 411,549 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after acquiring an additional 122,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Antero Resources by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock valued at $55,278,000 after acquiring an additional 27,617 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, the director now owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.70% of the company’s stock.

Antero Resources Stock Down 4.1 %

Shares of NYSE:AR opened at $35.53 on Friday. The business’s 50 day moving average is $37.64 and its 200 day moving average is $31.90. The stock has a market cap of $11.06 billion, a P/E ratio of 111.05 and a beta of 3.33. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $41.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Sell-side analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on AR. UBS Group upped their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Raymond James upped their price objective on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Barclays lifted their target price on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average target price of $39.44.

Antero Resources Profile

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.