Antero Resources Corporation $AR Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 124.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,765,305 shares of the oil and natural gas company’s stock after acquiring an additional 980,039 shares during the quarter. First Trust Advisors LP’s holdings in Antero Resources were worth $74,920,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Meeder Advisory Services Inc. acquired a new stake in Antero Resources during the 1st quarter valued at approximately $207,000. Dimensional Fund Advisors LP raised its position in shares of Antero Resources by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock valued at $434,597,000 after purchasing an additional 1,153,422 shares in the last quarter. KBC Group NV boosted its stake in shares of Antero Resources by 12.7% during the 1st quarter. KBC Group NV now owns 9,756 shares of the oil and natural gas company’s stock valued at $414,000 after buying an additional 1,099 shares during the last quarter. S&CO Inc. boosted its stake in shares of Antero Resources by 1.7% during the 1st quarter. S&CO Inc. now owns 487,604 shares of the oil and natural gas company’s stock valued at $20,693,000 after buying an additional 8,205 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Antero Resources by 0.3% during the first quarter. Swiss National Bank now owns 580,300 shares of the oil and natural gas company’s stock worth $24,628,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of AR opened at $35.31 on Friday. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 11.46 and a beta of 0.33. The stock has a 50 day moving average of $35.12 and a 200-day moving average of $36.31. 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 52 week low of $29.10 and a 52 week high of $45.75.

Insider Activity at Antero Resources

In other Antero Resources news, 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 value of $1,550,772.30. Following the completion of the transaction, the insider owned 277,665 shares of the company’s stock, valued at $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction 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 approximately $42,680,601.36. The trade was a 14.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 Analyst Weigh In

A number of analysts recently issued reports on AR shares. JPMorgan Chase & Co. dropped their price target on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. The Goldman Sachs Group reduced their price objective on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Mizuho raised their price objective on shares of Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Barclays boosted their target price on shares of Antero Resources from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 24th. Finally, Bank of America upped their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $48.56.

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.