Antero Resources Corporation $AR Shares Acquired by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC raised its position in shares of Antero Resources Corporation (NYSE:AR) by 43.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,183,620 shares of the oil and natural gas company’s stock after purchasing an additional 359,674 shares during the period. Antero Resources makes up approximately 3.9% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 10th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Antero Resources were worth $40,788,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Antero Resources by 1.2% during the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after purchasing an additional 116,461 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Antero Resources by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,085,648 shares of the oil and natural gas company’s stock valued at $313,106,000 after purchasing an additional 1,115,258 shares in the last quarter. Sourcerock Group LLC raised its position in Antero Resources by 10.6% during the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after purchasing an additional 783,117 shares in the last quarter. Raymond James Financial Inc. raised its position in Antero Resources by 3.2% during the third quarter. Raymond James Financial Inc. now owns 4,508,542 shares of the oil and natural gas company’s stock valued at $151,307,000 after purchasing an additional 140,416 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Antero Resources by 111.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock valued at $137,437,000 after purchasing an additional 2,099,755 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on AR. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Bank of America increased their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Mizuho upped their price target on shares of Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Citigroup upped their price target on shares of Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Finally, Truist Financial assumed coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.06.

Antero Resources Stock Performance

Shares of AR opened at $34.80 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $10.78 billion, a P/E ratio of 11.30 and a beta of 0.33. The firm’s fifty day simple moving average is $37.26 and its two-hundred day simple moving average is $36.46. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75.

Insider Transactions at Antero Resources

In other news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the transaction, the insider owned 277,665 shares of the company’s stock, 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 this link. Also, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the director directly owned 150,242 shares in the company, valued at $6,610,648. This trade represents a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 237,316 shares of company stock valued at $9,387,309 in the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

Antero Resources Company 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.