Bank of New York Mellon Corp Sells 73,167 Shares of Antero Resources Corp (AR)

Bank of New York Mellon Corp trimmed its position in shares of Antero Resources Corp (NYSE:AR) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,148,746 shares of the oil and natural gas company’s stock after selling 73,167 shares during the period. Bank of New York Mellon Corp owned approximately 0.36% of Antero Resources worth $24,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Antero Resources by 4.7% during the 1st quarter. BlackRock Inc. now owns 12,422,965 shares of the oil and natural gas company’s stock valued at $246,595,000 after purchasing an additional 556,251 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Antero Resources by 15.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,499,386 shares of the oil and natural gas company’s stock valued at $109,163,000 after purchasing an additional 741,671 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Antero Resources by 4.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,272,367 shares of the oil and natural gas company’s stock valued at $45,106,000 after purchasing an additional 89,485 shares during the last quarter. Poplar Forest Capital LLC increased its position in shares of Antero Resources by 120.5% during the 1st quarter. Poplar Forest Capital LLC now owns 1,493,123 shares of the oil and natural gas company’s stock valued at $29,638,000 after purchasing an additional 815,912 shares during the last quarter. Finally, Impax Asset Management LLC increased its position in shares of Antero Resources by 2.4% during the 1st quarter. Impax Asset Management LLC now owns 1,465,056 shares of the oil and natural gas company’s stock valued at $29,081,000 after purchasing an additional 35,000 shares during the last quarter. 94.88% of the stock is currently owned by institutional investors and hedge funds.

In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of the company’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $22.00, for a total value of $55,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.40% of the stock is currently owned by corporate insiders.

Several equities analysts have recently weighed in on AR shares. Morgan Stanley boosted their target price on Antero Resources from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, July 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Antero Resources in a research report on Friday, July 20th. ValuEngine raised Antero Resources from a “strong sell” rating to a “sell” rating in a research report on Friday, June 1st. Stifel Nicolaus assumed coverage on Antero Resources in a research report on Wednesday, May 23rd. They issued a “buy” rating and a $24.50 price objective on the stock. Finally, Citigroup cut their price objective on Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.91.

Shares of Antero Resources stock opened at $18.53 on Friday. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 151.88, a price-to-earnings-growth ratio of 1.06 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. Antero Resources Corp has a 52 week low of $16.31 and a 52 week high of $22.69.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, August 1st. The oil and natural gas company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.17). Antero Resources had a return on equity of 1.83% and a net margin of 6.24%. The firm had revenue of $989.34 million during the quarter, compared to analysts’ expectations of $950.78 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Antero Resources’s quarterly revenue was up 25.2% compared to the same quarter last year. equities analysts expect that Antero Resources Corp will post 0.84 EPS for the current fiscal year.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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