Antero Resources Corporation $AR Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in shares of Antero Resources Corporation (NYSE:AR) by 8.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 243,513 shares of the oil and natural gas company’s stock after selling 21,914 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Antero Resources worth $10,335,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AR. Private Advisor Group LLC purchased a new position in Antero Resources in the first quarter worth approximately $264,000. Y Intercept Hong Kong Ltd acquired a new position in Antero Resources during the 1st quarter worth approximately $4,313,000. Leonteq Securities AG increased its position in shares of Antero Resources by 14.4% in the 1st quarter. Leonteq Securities AG now owns 5,128 shares of the oil and natural gas company’s stock valued at $218,000 after purchasing an additional 644 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Antero Resources by 142.4% in the 1st quarter. Root Financial Partners LLC now owns 2,201 shares of the oil and natural gas company’s stock valued at $93,000 after purchasing an additional 1,293 shares during the last quarter. Finally, Skylands Capital LLC acquired a new stake in shares of Antero Resources in the 1st quarter valued at $352,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Trading Down 0.1%

NYSE:AR opened at $35.34 on Monday. The stock’s 50 day moving average price is $36.13 and its 200 day moving average price is $36.32. The company has a market capitalization of $10.95 billion, a PE ratio of 11.48 and a beta of 0.33. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75.

Wall Street Analysts Forecast Growth

AR has been the subject of several recent analyst reports. Roth Mkm reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Weiss Ratings lowered Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. The Goldman Sachs Group cut their price target on Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Citigroup lifted their price target on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Finally, Barclays upped their price objective on Antero Resources from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $49.35.

Insider Activity at Antero Resources

In other news, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. The trade was a 14.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 Antero Resources 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 completion of the transaction, the insider directly owned 277,665 shares in the company, valued at $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.10% of the stock is currently owned by corporate insiders.

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.