Cobalt Capital Management Inc. Invests $27.78 Million in Antero Resources Co. (NYSE:AR)

Cobalt Capital Management Inc. purchased a new position in shares of Antero Resources Co. (NYSE:ARGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 910,000 shares of the oil and natural gas company’s stock, valued at approximately $27,782,000. Antero Resources comprises about 8.4% of Cobalt Capital Management Inc.’s holdings, making the stock its 2nd largest holding. Cobalt Capital Management Inc. owned 0.29% of Antero Resources at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AR. Vanguard Group Inc. increased its position in shares of Antero Resources by 2.0% during the first quarter. Vanguard Group Inc. now owns 26,732,940 shares of the oil and natural gas company’s stock worth $816,157,000 after acquiring an additional 513,300 shares in the last quarter. Geode Capital Management LLC lifted its stake in Antero Resources by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,148,331 shares of the oil and natural gas company’s stock valued at $90,095,000 after acquiring an additional 94,814 shares during the last quarter. PointState Capital LP acquired a new stake in Antero Resources in the first quarter valued at $126,793,000. Renaissance Technologies LLC lifted its stake in Antero Resources by 266.7% in the first quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and natural gas company’s stock valued at $74,808,000 after acquiring an additional 1,782,100 shares during the last quarter. Finally, Long Focus Capital Management LLC acquired a new stake in Antero Resources in the fourth quarter valued at $33,250,000. 80.15% of the stock is owned by institutional investors.

Antero Resources Price Performance

NYSE:AR opened at $40.08 on Friday. Antero Resources Co. has a 52 week low of $15.38 and a 52 week high of $48.80. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 14.90 and a beta of 3.63. The firm’s 50-day simple moving average is $37.54 and its 200 day simple moving average is $34.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 0.41.

Antero Resources (NYSE:ARGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The oil and natural gas company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.21). Antero Resources had a return on equity of 19.52% and a net margin of 16.24%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business posted $0.12 earnings per share. Antero Resources’s revenue was up 352.0% compared to the same quarter last year. As a group, sell-side analysts predict that Antero Resources Co. will post 6.79 earnings per share for the current year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director Robert J. Clark sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the transaction, the director now directly owns 66,227 shares of the company’s stock, valued at approximately $2,980,215. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Antero Resources news, insider W Patrick Ash sold 36,701 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $38.89, for a total value of $1,427,301.89. Following the transaction, the insider now directly owns 870,270 shares of the company’s stock, valued at approximately $33,844,800.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Clark sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the transaction, the director now directly owns 66,227 shares in the company, valued at $2,980,215. The disclosure for this sale can be found here. Insiders have sold a total of 46,701 shares of company stock valued at $1,853,152 in the last ninety days. 5.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AR. TheStreet upgraded shares of Antero Resources from a “c” rating to a “b-” rating in a research note on Wednesday, July 27th. Raymond James increased their price target on shares of Antero Resources from $52.00 to $60.00 in a research note on Thursday, June 16th. Mizuho cut their price target on shares of Antero Resources from $53.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, August 18th. StockNews.com raised shares of Antero Resources from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Wells Fargo & Company increased their price objective on shares of Antero Resources from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, July 11th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.70.

Antero Resources Profile

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Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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