Antero Resources Corporation $AR Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Antero Resources Corporation (NYSE:AR) by 22.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,101,208 shares of the oil and natural gas company’s stock after buying an additional 569,817 shares during the quarter. Bank of New York Mellon Corp’s holdings in Antero Resources were worth $106,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in Antero Resources by 16,498.3% in the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Antero Resources by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after buying an additional 43,312 shares during the period. Focus Partners Wealth grew its position in shares of Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after buying an additional 3,169 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Antero Resources by 701.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after buying an additional 2,616 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Antero Resources by 22.5% during the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock worth $1,470,000 after acquiring an additional 6,700 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AR has been the topic of a number of recent research reports. Roth Mkm reissued a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a report on Thursday, April 30th. Morgan Stanley increased their price target on Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Mizuho raised their price target on Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, UBS Group upped their price objective on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.06.

Insider Buying and Selling

In related news, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the completion of the transaction, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This represents a 14.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin A. Hardesty sold 12,000 shares of the firm’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 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. Insiders sold 237,316 shares of company stock valued at $9,387,309 in the last three months. 4.10% of the stock is currently owned by corporate insiders.

Antero Resources Price Performance

Shares of NYSE:AR opened at $35.53 on Monday. The firm’s 50 day moving average is $38.10 and its two-hundred day moving average is $36.45. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The firm has a market capitalization of $11.01 billion, a P/E ratio of 11.54 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32.

About Antero Resources

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.