Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,828 Shares of Antero Resources Co. (NYSE:AR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Antero Resources Co. (NYSE:AR) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,704 shares of the oil and natural gas company’s stock after purchasing an additional 3,828 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Antero Resources were worth $1,377,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AR. Wellington Management Group LLP lifted its position 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 worth $200,036,000 after purchasing an additional 2,814,127 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 worth $97,118,000 after purchasing an additional 982,384 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of 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 worth $34,205,000 after purchasing an additional 850,940 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of 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 worth $17,273,000 after purchasing an additional 610,051 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. bought a new stake in shares of Antero Resources in the third quarter worth $13,182,000. Institutional investors own 83.04% of the company’s stock.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now directly owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s 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 sale, the director now owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the sale, the insider now directly owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 467,280 shares of company stock worth $12,153,605. Corporate insiders own 5.95% of the company’s stock.

Antero Resources Price Performance

NYSE:AR opened at $33.38 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s fifty day moving average price is $27.45 and its two-hundred day moving average price is $25.38. Antero Resources Co. has a one year low of $19.91 and a one year high of $33.61. The company has a market cap of $10.13 billion, a P/E ratio of 43.35 and a beta of 3.30.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Thursday, April 25th. The oil and natural gas company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company posted $0.48 earnings per share. The company’s revenue was down 20.3% on a year-over-year basis. Equities analysts expect that Antero Resources Co. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AR shares. Raymond James boosted their target price on shares of Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. boosted their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $26.00 to $36.00 in a report on Wednesday, April 17th. Benchmark downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Truist Financial lowered their target price on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.69.

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.