Antero Resources Corporation (NYSE:AR) Shares Bought by Shell Asset Management Co.
Shell Asset Management Co. boosted its position in Antero Resources Corporation (NYSE:AR) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,654 shares of the oil and natural gas company’s stock after buying an additional 1,880 shares during the period. Shell Asset Management Co.’s holdings in Antero Resources Corporation were worth $1,397,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Financial Services LLC raised its position in Antero Resources Corporation by 12.0% in the first quarter. Commonwealth Financial Services LLC now owns 41,091 shares of the oil and natural gas company’s stock worth $935,000 after buying an additional 4,400 shares during the last quarter. Hartford Investment Management Co. purchased a new position in Antero Resources Corporation during the first quarter worth about $5,299,000. Quantitative Systematic Strategies LLC raised its position in Antero Resources Corporation by 161.1% in the first quarter. Quantitative Systematic Strategies LLC now owns 76,094 shares of the oil and natural gas company’s stock worth $1,736,000 after buying an additional 46,948 shares during the last quarter. Capital Impact Advisors LLC purchased a new position in Antero Resources Corporation during the first quarter worth about $929,000. Finally, DnB Asset Management AS raised its position in Antero Resources Corporation by 13.9% in the first quarter. DnB Asset Management AS now owns 12,253 shares of the oil and natural gas company’s stock worth $279,000 after buying an additional 1,500 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.
Antero Resources Corporation (AR) opened at 19.45 on Friday. The firm’s 50-day moving average price is $21.31 and its 200 day moving average price is $22.59. The stock has a market cap of $6.12 billion, a PE ratio of 452.33 and a beta of 0.95. Antero Resources Corporation has a 1-year low of $18.88 and a 1-year high of $28.30.
Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.01. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The business had revenue of $736 million during the quarter, compared to the consensus estimate of $778.55 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts expect that Antero Resources Corporation will post $0.42 EPS for the current year.
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A number of research analysts recently issued reports on the company. BidaskClub raised Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Cowen and Company set a $25.00 target price on Antero Resources Corporation and gave the stock a “hold” rating in a report on Tuesday, July 18th. Evercore ISI lowered Antero Resources Corporation to an “outperform” rating in a report on Wednesday, April 19th. Wolfe Research lowered Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, June 15th. Finally, Scotiabank set a $27.00 target price on Antero Resources Corporation and gave the stock a “buy” rating in a report on Saturday, July 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Antero Resources Corporation currently has a consensus rating of “Hold” and an average target price of $30.33.
In other Antero Resources Corporation news, insider Paul M. Rady purchased 500,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of $21.11 per share, for a total transaction of $10,555,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The disclosure for this sale can be found here. 10.80% of the stock is owned by corporate insiders.
About Antero Resources Corporation
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 processing; water handling and treatment, and marketing of excess firm transportation capacity.
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