Readystate Asset Management LP Sells 11,581 Shares of Antero Resources Co. (NYSE:AR)

Readystate Asset Management LP decreased its holdings in shares of Antero Resources Co. (NYSE:AR) by 23.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 38,049 shares of the oil and natural gas company’s stock after selling 11,581 shares during the period. Readystate Asset Management LP’s holdings in Antero Resources were worth $863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Antero Resources by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock valued at $628,104,000 after buying an additional 173,378 shares during the period. State Street Corp grew its holdings in shares of Antero Resources by 4.9% in the 1st quarter. State Street Corp now owns 11,045,684 shares of the oil and natural gas company’s stock valued at $255,045,000 after buying an additional 519,552 shares during the period. Wellington Management Group LLP grew its holdings in shares of Antero Resources by 55.5% in the 3rd quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock valued at $200,036,000 after buying an additional 2,814,127 shares during the period. Goldman Sachs Group Inc. boosted its stake in Antero Resources by 66.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock worth $193,043,000 after purchasing an additional 2,517,137 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Antero Resources by 28.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after purchasing an additional 1,253,510 shares during the period. Institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AR shares. Barclays started coverage on shares of Antero Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Mizuho upped their target price on shares of Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company upped their target price on shares of Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Finally, Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $26.00 to $36.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has a consensus rating of “Hold” and a consensus target price of $30.69.

Antero Resources Stock Performance

Shares of AR stock traded down $0.30 on Thursday, reaching $28.86. The stock had a trading volume of 3,845,702 shares, compared to its average volume of 4,780,819. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average is $26.71 and its two-hundred day moving average is $25.21. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 37.47 and a beta of 3.30. Antero Resources Co. has a 12 month low of $19.91 and a 12 month high of $30.90.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. On average, research analysts expect that Antero Resources Co. will post 0.25 EPS for the current fiscal year.

Insider Activity

In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the transaction, the director now directly owns 3,000,000 shares in the company, valued at $77,550,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 467,280 shares of company stock valued at $12,153,605. 5.95% of the stock is owned by company insiders.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.