Brandywine Global Investment Management LLC Grows Stock Position in Antero Resources Corporation $AR

Brandywine Global Investment Management LLC grew its position in Antero Resources Corporation (NYSE:AR) by 77.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,470 shares of the oil and natural gas company’s stock after acquiring an additional 94,260 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Antero Resources were worth $7,425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goodman Financial Corp purchased a new position in shares of Antero Resources in the third quarter valued at approximately $14,791,000. Caprock Group LLC purchased a new position in shares of Antero Resources in the third quarter valued at approximately $1,730,000. Colrain Capital LLC lifted its position in shares of Antero Resources by 56.2% in the third quarter. Colrain Capital LLC now owns 254,550 shares of the oil and natural gas company’s stock valued at $8,543,000 after acquiring an additional 91,550 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of 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 acquiring an additional 46,045 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of 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 acquiring an additional 147,571 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

NYSE:AR opened at $34.62 on Wednesday. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $10.73 billion, a PE ratio of 11.24 and a beta of 0.33. The stock has a 50 day moving average price of $37.71 and a 200 day moving average price of $36.45.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AR. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, March 5th. Wells Fargo & Company raised their target price on Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Williams Trading set a $56.00 price target on Antero Resources in a report on Monday, April 20th. Bank of America increased their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a report on Friday, May 1st. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the sale, the insider owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 1,085,192 shares of the company’s stock, 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. Over the last 90 days, insiders sold 237,316 shares of company stock valued at $9,387,309. 4.10% of the stock is currently owned by 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.