United Services Automobile Association raised its holdings in shares of Antero Resources Corp (NYSE:AR) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 710,622 shares of the oil and natural gas company’s stock after purchasing an additional 20,159 shares during the quarter. United Services Automobile Association owned 0.22% of Antero Resources worth $12,585,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Stevens Capital Management LP bought a new position in Antero Resources during the third quarter valued at $269,000. Fuller & Thaler Asset Management Inc. lifted its position in Antero Resources by 114.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,900 shares of the oil and natural gas company’s stock valued at $158,000 after purchasing an additional 4,750 shares during the last quarter. Virtu Financial LLC lifted its position in Antero Resources by 342.8% during the third quarter. Virtu Financial LLC now owns 54,955 shares of the oil and natural gas company’s stock valued at $973,000 after purchasing an additional 42,544 shares during the last quarter. Parkwood LLC lifted its position in Antero Resources by 31.8% during the third quarter. Parkwood LLC now owns 368,440 shares of the oil and natural gas company’s stock valued at $6,525,000 after purchasing an additional 88,888 shares during the last quarter. Finally, Gideon Capital Advisors Inc. bought a new position in Antero Resources during the third quarter valued at $321,000. Institutional investors and hedge funds own 95.94% of the company’s stock.
In related news, Director Robert J. Clark sold 20,429 shares of Antero Resources stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $12.80, for a total transaction of $261,491.20. Following the completion of the sale, the director now owns 26,924 shares in the company, valued at approximately $344,627.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard W. Connor sold 6,907 shares of Antero Resources stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $16.49, for a total transaction of $113,896.43. Following the sale, the director now owns 26,059 shares of the company’s stock, valued at approximately $429,712.91. The disclosure for this sale can be found here. Insiders have sold a total of 28,336 shares of company stock valued at $388,888 in the last quarter. 9.40% of the stock is currently owned by company insiders.
Several research firms have recently issued reports on AR. MKM Partners began coverage on shares of Antero Resources in a report on Wednesday. They issued a “buy” rating and a $17.00 target price for the company. ValuEngine lowered shares of Antero Resources from a “sell” rating to a “strong sell” rating in a report on Thursday, November 15th. BMO Capital Markets set a $15.00 target price on shares of Antero Resources and gave the stock a “hold” rating in a report on Monday, November 12th. Zacks Investment Research upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Monday, November 12th. Finally, Credit Suisse Group lowered their target price on shares of Antero Resources from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.53.
Antero Resources stock opened at $12.75 on Friday. The stock has a market capitalization of $4.05 billion, a PE ratio of 106.25, a PEG ratio of 0.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. Antero Resources Corp has a 12-month low of $12.11 and a 12-month high of $22.69.
Antero Resources (NYSE:AR) last released its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $0.01 EPS. The business’s revenue was up 38.6% on a year-over-year basis. Research analysts forecast that Antero Resources Corp will post 0.83 EPS for the current year.
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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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