Chronos Wealth Management LLC Purchases 21,225 Shares of Antero Resources Corporation $AR

Chronos Wealth Management LLC boosted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 22.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,900 shares of the oil and natural gas company’s stock after buying an additional 21,225 shares during the period. Antero Resources comprises 2.4% of Chronos Wealth Management LLC’s portfolio, making the stock its 19th largest holding. Chronos Wealth Management LLC’s holdings in Antero Resources were worth $4,961,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake 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 valued at $389,000 after acquiring an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Antero Resources by 7.9% during the first 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 worth $23,882,000 after purchasing an additional 43,312 shares during the period. Focus Partners Wealth boosted its holdings in Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after purchasing an additional 3,169 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Antero Resources by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after purchasing an additional 6,700 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AR shares. Truist Financial started coverage on Antero Resources in a report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 target price for the company. Bank of America upped their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Citigroup lifted their price objective on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Finally, Barclays boosted their target price on shares of Antero Resources from $43.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday. Four equities research 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.38.

Antero Resources Stock Performance

NYSE:AR opened at $34.47 on Friday. The stock has a market capitalization of $10.68 billion, a P/E ratio of 11.19 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. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The firm has a 50 day moving average of $36.38 and a 200-day moving average of $36.37.

Insiders Place Their Bets

In other news, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction on 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 sale, the insider owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $1,550,772.30. Following the sale, the insider owned 277,665 shares in the company, valued at $10,903,904.55. The trade was a 12.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Company 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.