Antero Resources Corporation $AR Shares Sold by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. lessened its stake in Antero Resources Corporation (NYSE:AR) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 153,196 shares of the oil and natural gas company’s stock after selling 18,405 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in Antero Resources were worth $5,279,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AR. Annandale Capital LLC increased its position in shares of Antero Resources by 0.4% in the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after acquiring an additional 300 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Antero Resources by 2.0% in the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after acquiring an additional 305 shares in the last quarter. Uhlmann Price Securities LLC increased its position in shares of Antero Resources by 2.2% in the third quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after acquiring an additional 325 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Antero Resources by 4.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after acquiring an additional 343 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 345 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Down 1.3%

NYSE AR opened at $36.29 on Wednesday. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 11.78 and a beta of 0.33. The company’s fifty day moving average price is $38.66 and its two-hundred day moving average price is $36.39.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the transaction, the insider directly owned 277,665 shares in the company, valued at $10,903,904.55. This represents a 12.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the transaction, the insider owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 252,316 shares of company stock worth $9,977,259 in the last ninety days. 4.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Morgan Stanley raised their price target on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Weiss Ratings lowered shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Bank of America raised their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company raised their price target on shares of Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.06.

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.