Antero Resources Corporation $AR Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its position in Antero Resources Corporation (NYSE:AR) by 73.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 443,368 shares of the oil and natural gas company’s stock after selling 1,255,309 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.14% of Antero Resources worth $15,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goodman Financial Corp purchased a new position in shares of Antero Resources in the third quarter valued at approximately $14,791,000. Diamond Hill Capital Management Inc. grew its holdings in shares of Antero Resources by 43.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 595,608 shares of the oil and natural gas company’s stock valued at $19,989,000 after purchasing an additional 180,390 shares in the last quarter. Caprock Group LLC purchased a new stake in Antero Resources during the 3rd quarter worth approximately $1,730,000. Colrain Capital LLC increased its stake in Antero Resources by 56.2% during the 3rd quarter. Colrain Capital LLC now owns 254,550 shares of the oil and natural gas company’s stock worth $8,543,000 after buying an additional 91,550 shares during the period. Finally, Tejara Capital Ltd acquired a new stake in Antero Resources during the 3rd quarter worth approximately $1,336,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the sale, the insider directly owned 277,665 shares in the company, valued at $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin A. Hardesty sold 12,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 252,316 shares of company stock valued at $9,977,259. Insiders own 6.30% of the company’s stock.

Antero Resources Trading Up 0.1%

NYSE AR opened at $36.79 on Monday. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The firm has a 50 day moving average of $39.31 and a two-hundred day moving average of $36.28. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $11.40 billion, a PE ratio of 11.95 and a beta of 0.36.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. TD Cowen raised Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, March 5th. Barclays lifted their target price on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Finally, Morgan Stanley upped their price target on Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Five investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $49.63.

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.