Axxcess Wealth Management LLC Purchases New Shares in Antero Resources Co. (NYSE:AR)

Axxcess Wealth Management LLC acquired a new position in Antero Resources Co. (NYSE:AR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,100 shares of the oil and natural gas company’s stock, valued at approximately $365,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its position in shares of Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after buying an additional 664 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Antero Resources by 17.0% during the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock valued at $136,000 after purchasing an additional 781 shares during the last quarter. Xponance Inc. boosted its position in shares of Antero Resources by 2.5% in the 4th quarter. Xponance Inc. now owns 34,724 shares of the oil and natural gas company’s stock worth $788,000 after purchasing an additional 857 shares in the last quarter. Intellectus Partners LLC grew its stake in shares of Antero Resources by 2.6% in the 4th quarter. Intellectus Partners LLC now owns 41,950 shares of the oil and natural gas company’s stock worth $951,000 after buying an additional 1,050 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Antero Resources by 16.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,500 shares of the oil and natural gas company’s stock valued at $190,000 after buying an additional 1,071 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AR shares. Barclays began coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price target for the company. Wells Fargo & Company lifted their target price on Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Raymond James upped their price target on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Finally, Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.08.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’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 transaction, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Antero Resources news, 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 transaction of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources 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 completion of the sale, the director now owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 477,280 shares of company stock worth $12,490,305. Insiders own 5.95% of the company’s stock.

Antero Resources Stock Performance

NYSE:AR opened at $34.02 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 170.08 and a beta of 3.27. Antero Resources Co. has a 1 year low of $19.91 and a 1 year high of $34.99. The stock’s 50 day simple moving average is $29.23 and its two-hundred day simple moving average is $25.79.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. As a group, equities analysts anticipate that Antero Resources Co. will post 0.33 earnings per share for the current fiscal year.

About Antero Resources

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.