Principal Financial Group Inc. increased its stake in Antero Resources Corp. (NYSE:AR) by 8,119.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,224,289 shares of the company’s stock after buying an additional 1,209,394 shares during the period. Principal Financial Group Inc. owned about 0.40% of Antero Resources Corp. worth $31,807,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AR. Shell Asset Management Co. increased its stake in Antero Resources Corp. by 18.7% in the second quarter. Shell Asset Management Co. now owns 4,946 shares of the company’s stock worth $128,000 after buying an additional 779 shares during the period. Meeder Asset Management Inc. acquired a new stake in Antero Resources Corp. during the first quarter worth $180,000. Brown Advisory Inc. acquired a new stake in Antero Resources Corp. during the second quarter worth $231,000. SECOR Capital Advisors LP acquired a new stake in Antero Resources Corp. during the second quarter worth $234,000. Finally, TD Asset Management Inc. acquired a new stake in Antero Resources Corp. during the second quarter worth $246,000. Institutional investors and hedge funds own 85.86% of the company’s stock.

Shares of Antero Resources Corp. (NYSE:AR) traded up 0.130% on Friday, reaching $27.025. 400,226 shares of the company’s stock were exchanged. Antero Resources Corp. has a one year low of $18.50 and a one year high of $30.66. The firm has a 50 day moving average of $26.86 and a 200 day moving average of $26.64. The firm has a market capitalization of $8.30 billion, a P/E ratio of 83.410 and a beta of 1.11.

Antero Resources Corp. (NYSE:AR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Antero Resources Corp. had a net margin of 15.72% and a return on equity of 1.19%. The business earned $376.70 million during the quarter, compared to analysts’ expectations of $676.46 million. During the same period last year, the business earned $0.06 earnings per share. On average, equities research analysts predict that Antero Resources Corp. will post $0.10 EPS for the current year.

A number of research firms have recently weighed in on AR. Barclays PLC restated a “buy” rating on shares of Antero Resources Corp. in a report on Sunday, July 17th. JPMorgan Chase & Co. restated a “hold” rating on shares of Antero Resources Corp. in a report on Monday, July 18th. BMO Capital Markets restated a “buy” rating on shares of Antero Resources Corp. in a report on Monday, June 13th. Vetr upgraded shares of Antero Resources Corp. from a “buy” rating to a “strong-buy” rating and set a $31.50 target price on the stock in a report on Monday, July 18th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a $39.00 price target (up from $35.00) on shares of Antero Resources Corp. in a report on Tuesday, June 14th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.50.

In related news, insider Glen C. Warren, Jr. sold 1,000,000 shares of Antero Resources Corp. stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $27.38, for a total value of $27,380,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ward D. Mcneilly sold 28,037 shares of Antero Resources Corp. stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $27.35, for a total transaction of $766,811.95. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.

About Antero Resources Corp.

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs, and oil; gathering and compression; water handling and treatment, and marketing of excess firm transportation capacity.

5 Day Chart for NYSE:AR

Receive News & Ratings for Antero Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources Corp. and related companies with MarketBeat.com's FREE daily email newsletter.