Mutual of America Capital Management LLC Sells 8,974 Shares of Antero Resources Co. (NYSE:AR)

Mutual of America Capital Management LLC decreased its holdings in Antero Resources Co. (NYSE:AR) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,274 shares of the oil and natural gas company’s stock after selling 8,974 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Antero Resources worth $3,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Antero Resources by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,520,782 shares of the oil and natural gas company’s stock valued at $698,477,000 after acquiring an additional 113,864 shares during the period. State Street Corp raised its stake in shares of Antero Resources by 4.9% during the 1st quarter. State Street Corp now owns 11,045,684 shares of the oil and natural gas company’s stock valued at $255,045,000 after purchasing an additional 519,552 shares during the period. Wellington Management Group LLP raised its stake in shares of Antero Resources by 55.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock valued at $200,036,000 after purchasing an additional 2,814,127 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Antero Resources by 66.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock worth $193,043,000 after purchasing an additional 2,517,137 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Antero Resources by 83.8% in the 1st quarter. Renaissance Technologies LLC now owns 5,293,239 shares of the oil and natural gas company’s stock worth $122,221,000 after purchasing an additional 2,414,100 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 0.4 %

Shares of NYSE:AR opened at $29.12 on Wednesday. Antero Resources Co. has a 12-month low of $19.91 and a 12-month high of $30.90. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $26.41 and its 200-day moving average price is $25.15. The stock has a market capitalization of $8.84 billion, a P/E ratio of 37.82 and a beta of 3.30.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. On average, equities analysts anticipate that Antero Resources Co. will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock valued at $12,153,605 over the last three months. 5.95% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Raymond James increased their price target on shares of Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. Morgan Stanley raised their price target on shares of Antero Resources from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Monday. Barclays began coverage on shares of Antero Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target on the stock. Truist Financial dropped their price objective on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Finally, Wells Fargo & Company upped their target price on Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.00.

About Antero Resources

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.