Antero Resources Co. (NYSE:AR) Shares Acquired by Kailix Advisors LLC

Kailix Advisors LLC increased its stake in Antero Resources Co. (NYSE:AR) by 28.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,914,213 shares of the oil and natural gas company’s stock after purchasing an additional 423,017 shares during the quarter. Antero Resources comprises about 24.4% of Kailix Advisors LLC’s holdings, making the stock its largest position. Kailix Advisors LLC’s holdings in Antero Resources were worth $43,414,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AR. Wellington Management Group LLP grew its stake in shares of Antero Resources by 55.5% in the third 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings in Antero Resources by 34.5% in the third quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company’s stock valued at $97,118,000 after purchasing an additional 982,384 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Antero Resources by 129.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company’s stock valued at $34,205,000 after purchasing an additional 850,940 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Antero Resources by 865.0% in the third quarter. Victory Capital Management Inc. now owns 680,576 shares of the oil and natural gas company’s stock valued at $17,273,000 after purchasing an additional 610,051 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in Antero Resources in the third quarter valued at about $13,182,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AR shares. Scotiabank increased their price target on Antero Resources from $26.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Mizuho increased their price target on Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Morgan Stanley raised Antero Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $26.00 to $36.00 in a report on Wednesday, April 17th. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, January 17th. Finally, Raymond James increased their target price on Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.69.

Antero Resources Stock Performance

Shares of Antero Resources stock traded up $0.41 on Friday, reaching $33.80. 7,919,516 shares of the company were exchanged, compared to its average volume of 4,347,436. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.29. The company’s 50-day moving average is $27.85 and its two-hundred day moving average is $25.48. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 169.00 and a beta of 3.30. Antero Resources Co. has a 1-year low of $19.91 and a 1-year high of $34.24.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, research analysts expect that Antero Resources Co. will post 0.33 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the transaction, the director now directly owns 3,000,000 shares in the company, valued at approximately $77,550,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock worth $12,153,605 in the last three months. 5.95% of the stock is owned by company insiders.

Antero Resources Company 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.