CenterBook Partners LP Increases Stake in Antero Resources Corporation $AR

CenterBook Partners LP boosted its stake in shares of Antero Resources Corporation (NYSE:AR) by 77.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,487 shares of the oil and natural gas company’s stock after acquiring an additional 52,141 shares during the quarter. CenterBook Partners LP’s holdings in Antero Resources were worth $4,118,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Goodman Financial Corp purchased a new position in Antero Resources during the third quarter valued at approximately $14,791,000. Caprock Group LLC purchased a new position in Antero Resources during the third quarter valued at approximately $1,730,000. Colrain Capital LLC raised its position in Antero Resources by 56.2% during the third quarter. Colrain Capital LLC now owns 254,550 shares of the oil and natural gas company’s stock valued at $8,543,000 after acquiring an additional 91,550 shares in the last quarter. WINTON GROUP Ltd raised its position in Antero Resources by 201.6% during the third quarter. WINTON GROUP Ltd now owns 68,884 shares of the oil and natural gas company’s stock valued at $2,312,000 after acquiring an additional 46,045 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in Antero Resources by 56.9% during the third quarter. Intech Investment Management LLC now owns 406,900 shares of the oil and natural gas company’s stock valued at $13,656,000 after acquiring an additional 147,571 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Down 0.0%

Shares of AR opened at $35.56 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The stock’s 50 day moving average is $37.92 and its two-hundred day moving average is $36.46. The firm has a market cap of $11.02 billion, a P/E ratio of 11.54 and a beta of 0.33.

Analyst Upgrades and Downgrades

AR has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a $57.00 price target on shares of Antero Resources in a research report on Friday, May 1st. Barclays raised their price objective on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. UBS Group raised their price objective on Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 1st. Truist Financial began coverage on Antero Resources in a report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price objective on the stock. Finally, Weiss Ratings lowered Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Four investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.06.

Insider Transactions at Antero Resources

In other news, Director Benjamin A. Hardesty sold 12,000 shares of Antero Resources stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the sale, the director directly owned 150,242 shares of the company’s stock, valued at $6,610,648. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael N. Kennedy sold 185,826 shares of Antero Resources 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 sale, the insider directly owned 1,085,192 shares in the company, valued at $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 237,316 shares of company stock valued at $9,387,309 over the last ninety days. Insiders own 4.10% of the company’s stock.

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.