Diversified Trust Co Invests $722,000 in Antero Resources Corporation $AR

Diversified Trust Co acquired a new stake in Antero Resources Corporation (NYSE:AR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,012 shares of the oil and natural gas company’s stock, valued at approximately $722,000.

A number of other hedge funds have also made changes to their positions in AR. Brandywine Global Investment Management LLC lifted its holdings in shares of Antero Resources by 77.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after buying an additional 94,260 shares during the period. WINTON GROUP Ltd boosted its stake 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 buying an additional 46,045 shares in the last quarter. Intech Investment Management LLC grew its holdings 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 worth $13,656,000 after acquiring an additional 147,571 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in Antero Resources by 10.8% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock worth $22,743,000 after acquiring an additional 64,378 shares during the period. Finally, Lighthouse Investment Partners LLC raised its position in Antero Resources by 213.9% in the third quarter. Lighthouse Investment Partners LLC now owns 300,000 shares of the oil and natural gas company’s stock worth $10,068,000 after acquiring an additional 204,420 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Up 0.6%

Shares of NYSE AR opened at $34.72 on Thursday. 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 12 month low of $29.10 and a 12 month high of $45.75. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 11.27 and a beta of 0.33. The business has a fifty day simple moving average of $36.41 and a 200-day simple moving average of $36.39.

Insider Activity

In other news, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the company’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 completion of the sale, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Williams Trading set a $56.00 price target on shares of Antero Resources in a report on Monday, April 20th. Mizuho boosted their target price on shares of Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Benchmark raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Thursday, March 5th. Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, UBS Group lifted their price target on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Four 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.19.

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.