Davis Investment Partners LLC Takes $644,000 Position in Antero Resources Corporation $AR

Davis Investment Partners LLC bought a new position in shares of Antero Resources Corporation (NYSE:AR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,174 shares of the oil and natural gas company’s stock, valued at approximately $644,000.

A number of other hedge funds also recently modified their holdings of AR. Annandale Capital LLC lifted its position in Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares during the period. Parallel Advisors LLC increased its holdings in Antero Resources by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after buying an additional 301 shares during the period. Brooklyn Investment Group increased its holdings in Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after buying an additional 305 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Antero Resources by 4.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock valued at $293,000 after buying an additional 343 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Antero Resources stock opened at $34.72 on Thursday. The stock has a 50-day moving average price of $36.41 and a two-hundred day moving average price of $36.39. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The company has a market capitalization of $10.76 billion, a PE ratio of 11.27 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.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of Antero Resources 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 directly owned 277,665 shares in the company, valued at $10,903,904.55. This trade represents a 12.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the sale, the insider directly owned 1,085,192 shares in the company, valued at $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. 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

Several analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $57.00 price target on shares of Antero Resources in a research report on Friday, May 1st. Morgan Stanley boosted their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Williams Trading set a $56.00 target price on Antero Resources in a report on Monday, April 20th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $38.00 price target on shares of Antero Resources in a research note on Thursday, April 30th. Four investment 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.19.

Antero Resources 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.