Annandale Capital LLC Has $3.15 Million Stock Position in Antero Resources Co. (NYSE:AR)

by · The Cerbat Gem

Annandale Capital LLC increased its stake in Antero Resources Co. (NYSE:AR – Free Report) by 116.8% during the fourth quarter, HoldingsChannel reports. The firm owned 89,854 shares of the oil and natural gas company’s stock after acquiring an additional 48,400 shares during the period. Annandale Capital LLC’s holdings in Antero Resources were worth $3,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Antero Resources in the fourth quarter valued at $140,020,000. Wellington Management Group LLP raised its position in Antero Resources by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock valued at $689,135,000 after buying an additional 2,201,429 shares during the period. Amundi lifted its stake in Antero Resources by 117.9% in the 4th quarter. Amundi now owns 1,132,725 shares of the oil and natural gas company’s stock worth $42,885,000 after acquiring an additional 612,997 shares in the last quarter. Mercuria Capital Strategies LLC acquired a new stake in Antero Resources during the 4th quarter worth about $11,917,000. Finally, Franklin Resources Inc. grew its stake in Antero Resources by 34.7% during the 4th quarter. Franklin Resources Inc. now owns 1,018,544 shares of the oil and natural gas company’s stock valued at $35,700,000 after acquiring an additional 262,416 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is owned by corporate insiders.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $33.43 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $38.35 and a 200-day simple moving average of $33.96. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 104.47 and a beta of 3.38. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63.

Antero Resources (NYSE:AR – Get Free Report) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, sell-side analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 19th. Truist Financial lifted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Williams Trading set a $48.00 price objective on Antero Resources in a research report on Wednesday, March 5th. Finally, Raymond James upped their target price on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $42.24.

Check Out Our Latest Stock Report on AR

Antero Resources Company Profile

(Free Report)

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.

See Also

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