Oxbow Advisors LLC Takes Position in Antero Resources Co. (NYSE:AR)

Oxbow Advisors LLC purchased a new stake in Antero Resources Co. (NYSE:AR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 116,041 shares of the oil and natural gas company’s stock, valued at approximately $4,067,000.

A number of other large investors also recently made changes to their positions in AR. Pinnacle Bancorp Inc. acquired a new position in shares of Antero Resources in the 4th quarter valued at $28,000. True Wealth Design LLC acquired a new stake in Antero Resources during the 3rd quarter worth $30,000. Spire Wealth Management acquired a new stake in Antero Resources during the 4th quarter worth $31,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources during the 3rd quarter worth $45,000. Finally, Wilmington Savings Fund Society FSB raised its stake in Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after buying an additional 913 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Price Performance

Shares of NYSE AR opened at $38.18 on Friday. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 119.30 and a beta of 3.33. The business has a 50-day moving average of $37.17 and a 200-day moving average of $31.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a fifty-two week low of $24.43 and a fifty-two week high of $41.53.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, sell-side analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on AR. Barclays raised their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $24.00 to $32.00 in a research note on Tuesday, December 17th. Citigroup raised their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Truist Financial raised their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Mizuho increased their target price on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.44.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.