Sequoia Financial Advisors LLC Invests $220,000 in Antero Resources Corporation (NYSE:AR)

Sequoia Financial Advisors LLC acquired a new position in shares of Antero Resources Corporation (NYSE:AR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,444 shares of the oil and natural gas company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bessemer Group Inc. grew its position in shares of Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 411 shares in the last quarter. Golden State Equity Partners boosted its holdings in Antero Resources by 257.7% in the first quarter. Golden State Equity Partners now owns 49,375 shares of the oil and natural gas company’s stock valued at $1,997,000 after purchasing an additional 35,570 shares in the last quarter. Stonegate Investment Group LLC acquired a new position in Antero Resources in the first quarter valued at approximately $342,000. Avior Wealth Management LLC boosted its holdings in Antero Resources by 46.6% in the first quarter. Avior Wealth Management LLC now owns 9,458 shares of the oil and natural gas company’s stock valued at $382,000 after purchasing an additional 3,008 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Antero Resources by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 34,277 shares of the oil and natural gas company’s stock valued at $1,386,000 after purchasing an additional 930 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the completion of the sale, the director owned 364,992 shares in the company, valued at $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Yvette K. Schultz sold 25,200 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the sale, the insider owned 306,819 shares of the company’s stock, valued at $12,229,805.34. This trade represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,125,200 shares of company stock valued at $45,887,466 in the last 90 days. Company insiders own 6.70% of the company’s stock.

Antero Resources Price Performance

Antero Resources stock opened at $37.31 on Friday. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.39 and a quick ratio of 0.39. The business has a 50 day simple moving average of $39.08 and a 200-day simple moving average of $37.67. The stock has a market capitalization of $11.58 billion, a PE ratio of 43.38 and a beta of 0.68.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. Equities analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 16th. Mizuho raised Antero Resources from a “neutral” rating to an “outperform” rating and upped their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. JPMorgan Chase & Co. upped their price target on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Antero Resources in a report on Tuesday, May 13th. Finally, UBS Group upped their price target on Antero Resources from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.22.

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.