Thrivent Financial for Lutherans Sells 41,476 Shares of Antero Resources Corporation $AR

Thrivent Financial for Lutherans reduced its stake in shares of Antero Resources Corporation (NYSE:AR) by 19.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,881 shares of the oil and natural gas company’s stock after selling 41,476 shares during the quarter. Thrivent Financial for Lutherans owned about 0.05% of Antero Resources worth $6,842,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Antero Resources by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock worth $1,200,249,000 after acquiring an additional 350,018 shares during the last quarter. Sourcerock Group LLC increased its stake in Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after purchasing an additional 783,117 shares in the last quarter. Invesco Ltd. raised its holdings in Antero Resources by 18.4% in the second quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after purchasing an additional 817,977 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Antero Resources by 2.7% during the second quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company’s stock worth $154,820,000 after purchasing an additional 99,635 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Antero Resources by 4.1% during the second quarter. Ameriprise Financial Inc. now owns 2,382,707 shares of the oil and natural gas company’s stock worth $95,975,000 after purchasing an additional 93,895 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

AR opened at $33.56 on Friday. The business’s 50-day moving average price is $33.81 and its two-hundred day moving average price is $34.59. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.01. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 17.85 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.38). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share. Equities analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AR shares. Wall Street Zen downgraded Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Mizuho set a $47.00 target price on Antero Resources in a research note on Friday, December 12th. Tudor Pickering upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $39.00 price objective (down previously from $44.00) on shares of Antero Resources in a report on Monday, December 8th. Finally, UBS Group boosted their price objective on Antero Resources from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.47.

Insiders Place Their Bets

In other news, insider Brendan E. Krueger purchased 5,000 shares of Antero Resources stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $33.35 per share, with a total value of $166,750.00. Following the transaction, the insider directly owned 295,917 shares in the company, valued at $9,868,831.95. The trade was a 1.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by company insiders.

Antero Resources Profile

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.