Odyssean LLC Takes $1.30 Million Position in Antero Midstream Corporation $AM

Odyssean LLC bought a new position in shares of Antero Midstream Corporation (NYSE:AM) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 57,245 shares of the pipeline company’s stock, valued at approximately $1,302,000.

Several other large investors have also made changes to their positions in AM. Western Wealth Management LLC bought a new position in Antero Midstream in the second quarter valued at about $490,000. Invst LLC bought a new stake in Antero Midstream during the 2nd quarter worth about $804,000. Jupiter Topco LLC bought a new stake in Antero Midstream during the 2nd quarter worth about $4,376,000. Hsbc Holdings PLC acquired a new position in Antero Midstream during the 2nd quarter valued at about $1,440,000. Finally, Ancora Advisors LLC acquired a new position in Antero Midstream during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In related news, insider Sheri Pearce sold 16,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the sale, the insider directly owned 83,900 shares in the company, valued at $1,846,639. This trade represents a 16.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the transaction, the director directly owned 68,204 shares in the company, valued at $1,450,699.08. The trade was a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Antero Midstream Stock Down 1.0%

Shares of Antero Midstream stock opened at $21.92 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83. Antero Midstream Corporation has a 12 month low of $16.96 and a 12 month high of $23.83. The business has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $21.99. The stock has a market cap of $10.40 billion, a PE ratio of 26.10 and a beta of 0.65.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The business had revenue of $327.24 million during the quarter, compared to the consensus estimate of $326.43 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Research analysts predict that Antero Midstream Corporation will post 1.09 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.1%. Antero Midstream’s dividend payout ratio is 107.14%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AM shares. Weiss Ratings lowered shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.50.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.