Orion Portfolio Solutions LLC Grows Position in Antero Resources Co. (NYSE:AR)

Orion Portfolio Solutions LLC lifted its position in shares of Antero Resources Co. (NYSE:AR) by 55.3% in the fourth quarter, Holdings Channel reports. The firm owned 14,504 shares of the oil and natural gas company’s stock after purchasing an additional 5,162 shares during the period. Orion Portfolio Solutions LLC’s holdings in Antero Resources were worth $508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Antero Resources during the fourth quarter valued at approximately $140,020,000. Amundi boosted its position in Antero Resources by 117.9% during the 4th quarter. Amundi now owns 1,132,725 shares of the oil and natural gas company’s stock worth $42,885,000 after purchasing an additional 612,997 shares during the period. Mercuria Capital Strategies LLC purchased a new stake in Antero Resources during the 4th quarter worth $11,917,000. Van ECK Associates Corp raised its position in Antero Resources by 43.1% in the fourth quarter. Van ECK Associates Corp now owns 745,770 shares of the oil and natural gas company’s stock valued at $26,139,000 after purchasing an additional 224,700 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Antero Resources by 40.6% during the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after purchasing an additional 218,517 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is currently owned by company insiders.

Antero Resources Price Performance

AR opened at $34.03 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $38.30 and its 200 day moving average price is $34.12. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 106.35 and a beta of 3.08.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, sell-side analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AR. Wells Fargo & Company increased their target price on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Truist Financial boosted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Williams Trading set a $48.00 price target on shares of Antero Resources in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.24.

Antero Resources 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.