S&CO Inc. Grows Stock Holdings in Antero Resources Corporation $AR

S&CO Inc. boosted its position in Antero Resources Corporation (NYSE:AR) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 479,399 shares of the oil and natural gas company’s stock after purchasing an additional 15,001 shares during the period. Antero Resources makes up about 1.0% of S&CO Inc.’s investment portfolio, making the stock its 23rd biggest position. S&CO Inc.’s holdings in Antero Resources were worth $16,520,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Annandale Capital LLC boosted its holdings in shares of Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock valued at $2,475,000 after purchasing an additional 300 shares during the last quarter. Brooklyn Investment Group increased its stake in Antero Resources by 2.0% during the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after buying an additional 305 shares during the period. Uhlmann Price Securities LLC increased its stake in Antero Resources by 2.2% during the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after buying an additional 325 shares during the period. Sequoia Financial Advisors LLC increased its stake in Antero Resources by 4.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after buying an additional 343 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AR shares. TD Cowen raised shares of Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. Bank of America boosted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley boosted their target price on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Barclays upped their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Finally, UBS Group upped their price target on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Antero Resources has a consensus rating of “Buy” and a consensus price target of $49.63.

Antero Resources Trading Up 3.1%

Shares of NYSE AR opened at $38.22 on Friday. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The company has a market cap of $11.84 billion, a PE ratio of 12.41, a P/E/G ratio of 0.35 and a beta of 0.36. 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 company has a 50-day moving average of $39.41 and a two-hundred day moving average of $36.04.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. Antero Resources had a net margin of 16.39% and a return on equity of 7.80%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. As a group, equities analysts expect that Antero Resources Corporation will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

In related news, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the transaction, the director owned 150,242 shares in the company, valued at approximately $6,610,648. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction that occurred on 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 approximately $10,903,904.55. This represents a 12.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 252,316 shares of company stock worth $9,977,259 in the last quarter. 6.30% of the stock is owned by company insiders.

About Antero Resources

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.