Antero Resources Corporation $AR Shares Bought by Capital Impact Advisors LLC

Capital Impact Advisors LLC raised its holdings in Antero Resources Corporation (NYSE:AR) by 372.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,146,775 shares of the oil and natural gas company’s stock after buying an additional 904,081 shares during the period. Antero Resources makes up about 3.1% of Capital Impact Advisors LLC’s holdings, making the stock its 13th largest position. Capital Impact Advisors LLC’s holdings in Antero Resources were worth $39,518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goodman Financial Corp acquired a new stake in Antero Resources in the third quarter valued at $14,791,000. WINTON GROUP Ltd raised its stake in Antero Resources by 201.6% in the third quarter. WINTON GROUP Ltd now owns 68,884 shares of the oil and natural gas company’s stock valued at $2,312,000 after buying an additional 46,045 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in Antero Resources by 77.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after buying an additional 94,260 shares in the last quarter. Intech Investment Management LLC raised its stake in Antero Resources by 56.9% in the third quarter. Intech Investment Management LLC now owns 406,900 shares of the oil and natural gas company’s stock valued at $13,656,000 after buying an additional 147,571 shares in the last quarter. Finally, Lighthouse Investment Partners LLC raised its stake in Antero Resources by 213.9% in the third quarter. Lighthouse Investment Partners LLC now owns 300,000 shares of the oil and natural gas company’s stock valued at $10,068,000 after buying an additional 204,420 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

NYSE AR opened at $33.90 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 52-week low of $29.10 and a 52-week high of $45.75. The business’s 50-day moving average price is $36.87 and its 200 day moving average price is $36.46. The firm has a market cap of $10.50 billion, a P/E ratio of 11.01 and a beta of 0.33.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This 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. Company insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AR shares. Bank of America raised their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Truist Financial started coverage on Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $57.00 target price on shares of Antero Resources in a research report on Friday, May 1st. Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Mizuho lifted their target price on Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.06.

Antero Resources 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.