CIBC Private Wealth Group LLC Purchases 645,424 Shares of Antero Resources Corporation $AR

CIBC Private Wealth Group LLC raised its position in Antero Resources Corporation (NYSE:AR) by 241.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 913,158 shares of the oil and natural gas company’s stock after acquiring an additional 645,424 shares during the period. CIBC Private Wealth Group LLC’s holdings in Antero Resources were worth $30,646,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of Antero Resources during the 3rd quarter worth approximately $26,000. Sunbelt Securities Inc. bought a new stake in shares of Antero Resources during the third quarter valued at approximately $30,000. Newbridge Financial Services Group Inc. raised its stake in shares of Antero Resources by 114.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after purchasing an additional 500 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Antero Resources by 100.1% in the third quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock valued at $83,000 after purchasing an additional 1,244 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after purchasing an additional 2,616 shares during the period. Institutional investors own 83.04% of the company’s stock.

Insider Activity

In other news, Director Benjamin A. Hardesty sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the director directly owned 150,242 shares in the company, valued at approximately $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yvette K. Schultz sold 15,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $39.33, for a total transaction of $589,950.00. Following the sale, the insider directly owned 319,122 shares in the company, valued at $12,551,068.26. This trade represents a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 6.30% of the company’s stock.

Antero Resources Price Performance

Shares of AR stock opened at $43.31 on Friday. The stock’s fifty day moving average is $35.58 and its 200-day moving average is $34.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $13.36 billion, a PE ratio of 21.44 and a beta of 0.52. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.37.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. Equities research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group set a $50.00 price target on shares of Antero Resources in a research note on Friday, February 13th. Wall Street Zen cut shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Tudor Pickering upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Mizuho set a $47.00 target price on shares of Antero Resources in a research report on Friday, December 12th. Finally, UBS Group upped their target price on shares of Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Four research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.