Mitsubishi UFJ Trust & Banking Corp Sells 21,297 Shares of Antero Resources Corporation $AR

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Antero Resources Corporation (NYSE:AR) by 60.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,106 shares of the oil and natural gas company’s stock after selling 21,297 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Antero Resources were worth $486,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AR. NewEdge Advisors LLC boosted its holdings in shares of Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after purchasing an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Antero Resources by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after purchasing an additional 43,312 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Antero Resources by 18.9% in the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after purchasing an additional 3,169 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Antero Resources by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after purchasing an additional 6,700 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of Antero Resources in a report on Friday, May 1st. Citigroup raised their target price on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Williams Trading set a $56.00 target price on Antero Resources in a report on Monday, April 20th. Barclays raised their target price on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a report on Thursday, April 30th. Five research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $49.63.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider owned 277,665 shares of the company’s stock, valued at $10,903,904.55. This trade represents a 12.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the sale, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 252,316 shares of company stock valued at $9,977,259 in the last 90 days. 6.30% of the stock is owned by corporate insiders.

Antero Resources Trading Down 5.7%

NYSE AR opened at $36.89 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 0.38 and a beta of 0.36. The business’s fifty day moving average is $39.30 and its 200 day moving average is $35.84.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $0.48 EPS. Antero Resources’s revenue for the quarter was up 20.8% on a year-over-year basis. As a group, sell-side analysts expect that Antero Resources Corporation will post 4.04 EPS for the current fiscal year.

About Antero Resources

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.