Point72 Asia Singapore Pte. Ltd. Takes $84,000 Position in Antero Resources Co. (NYSE:AR)

Point72 Asia Singapore Pte. Ltd. bought a new stake in Antero Resources Co. (NYSE:AR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,409 shares of the oil and natural gas company’s stock, valued at approximately $84,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Antero Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock valued at $1,036,603,000 after purchasing an additional 214,060 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Antero Resources by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock valued at $689,135,000 after buying an additional 2,201,429 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Antero Resources by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock valued at $414,628,000 after acquiring an additional 1,274,760 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Antero Resources in the fourth quarter worth about $140,020,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Antero Resources by 7.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company’s stock worth $99,940,000 after acquiring an additional 186,727 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the sale, the director now directly owns 38,013 shares in the company, valued at $1,551,690.66. This represents a 96.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders have sold 1,300,000 shares of company stock valued at $52,834,994. Company insiders own 6.70% of the company’s stock.

Antero Resources Trading Down 1.2%

Shares of NYSE AR opened at $39.75 on Friday. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The firm has a market cap of $12.34 billion, a PE ratio of 124.23 and a beta of 0.66. The business has a fifty day simple moving average of $36.87 and a two-hundred day simple moving average of $35.60. 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, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. Analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AR shares. The Goldman Sachs Group raised their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. UBS Group raised their price target on Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. TD Cowen upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Barclays increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company lifted their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.72.

Antero Resources Company 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.