Fearnley Asset Management AS Acquires Shares of 711,300 Antero Resources Corporation $AR

Fearnley Asset Management AS acquired a new stake in shares of Antero Resources Corporation (NYSE:AR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 711,300 shares of the oil and natural gas company’s stock, valued at approximately $24,511,000. Antero Resources makes up about 11.2% of Fearnley Asset Management AS’s portfolio, making the stock its largest holding.

A number of other large investors also recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new stake in shares of Antero Resources in the 3rd quarter worth $30,000. IFP Advisors Inc lifted its holdings in Antero Resources by 59.2% during 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 during the period. Los Angeles Capital Management LLC bought a new stake in Antero Resources during the fourth quarter worth $41,000. Hilton Head Capital Partners LLC purchased a new position in Antero Resources in the fourth quarter worth $44,000. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in Antero Resources in the fourth quarter worth about $45,000. Institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider directly owned 277,665 shares in the company, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the sale, the insider owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of recent research reports. Barclays upped their price target on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Truist Financial initiated coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 target price for the company. Roth Mkm restated a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Williams Trading set a $56.00 price objective on shares of Antero Resources in a report on Monday, April 20th. Finally, Mizuho upped their target price 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. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.

Antero Resources Trading Up 0.0%

NYSE AR opened at $33.23 on Friday. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a 50 day simple moving average of $36.61 and a two-hundred day simple moving average of $36.41. The stock has a market cap of $10.30 billion, a P/E ratio of 10.79 and a beta of 0.33.

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.