Antero Resources Corporation $AR Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC raised its holdings in shares of Antero Resources Corporation (NYSE:AR) by 34.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,693 shares of the oil and natural gas company’s stock after purchasing an additional 15,302 shares during the quarter. Moran Wealth Management LLC’s holdings in Antero Resources were worth $2,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AR. Counterpoint Mutual Funds LLC acquired a new stake in shares of Antero Resources during the first quarter worth approximately $361,000. World Investment Advisors raised its holdings in Antero Resources by 75.5% in the first quarter. World Investment Advisors now owns 11,234 shares of the oil and natural gas company’s stock valued at $477,000 after acquiring an additional 4,833 shares in the last quarter. Private Advisor Group LLC bought a new position in Antero Resources during the 1st quarter valued at $264,000. Y Intercept Hong Kong Ltd bought a new position in Antero Resources during the 1st quarter valued at $4,313,000. Finally, Leonteq Securities AG boosted its stake in Antero Resources by 14.4% during 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 acquiring an additional 644 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AR. Williams Trading set a $56.00 price target on Antero Resources in a research note on Monday, April 20th. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Mizuho increased their target price on Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Morgan Stanley decreased their target price on Antero Resources from $56.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.35.

Antero Resources Price Performance

Shares of NYSE AR opened at $35.34 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $10.95 billion, a PE ratio of 11.48 and a beta of 0.33. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The business’s fifty day moving average price is $36.13 and its two-hundred day moving average price is $36.32.

Insider Buying and Selling

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 value of $7,308,536.58. Following the completion of the transaction, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 dated 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 owned 277,665 shares of the company’s stock, valued at $10,903,904.55. This represents a 12.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.10% of the company’s stock.

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.