Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Antero Resources Corporation (NYSE:AR) by 57.1% during the second quarter, Holdings Channel reports. The firm owned 18,137 shares of the oil and natural gas company’s stock after buying an additional 6,595 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Antero Resources Corporation were worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AR. Guggenheim Capital LLC boosted its stake in shares of Antero Resources Corporation by 31.7% in the fourth quarter. Guggenheim Capital LLC now owns 50,677 shares of the oil and natural gas company’s stock valued at $1,198,000 after buying an additional 12,187 shares during the period. Teachers Advisors LLC boosted its stake in shares of Antero Resources Corporation by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 247,090 shares of the oil and natural gas company’s stock valued at $5,844,000 after buying an additional 7,283 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Antero Resources Corporation by 22,753.0% in the fourth quarter. Macquarie Group Ltd. now owns 365,648 shares of the oil and natural gas company’s stock valued at $8,648,000 after buying an additional 364,048 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Antero Resources Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 51,914 shares of the oil and natural gas company’s stock valued at $1,184,000 after buying an additional 1,200 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Antero Resources Corporation by 11.5% in the first quarter. Bank of Montreal Can now owns 462,973 shares of the oil and natural gas company’s stock valued at $10,561,000 after buying an additional 47,888 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Corporation (AR) opened at 18.49 on Friday. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 430.00 and a beta of 0.95. The company has a 50-day moving average price of $20.76 and a 200-day moving average price of $22.28. Antero Resources Corporation has a 52 week low of $18.23 and a 52 week 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 for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. The company had revenue of $736 million during the quarter, compared to analyst estimates of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. Equities research analysts anticipate that Antero Resources Corporation will post $0.35 EPS for the current year.

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Several analysts have issued reports on AR shares. Evercore ISI cut Antero Resources Corporation to an “outperform” rating in a research report on Wednesday, April 19th. Zacks Investment Research cut Antero Resources Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Scotiabank set a $31.00 target price on Antero Resources Corporation and gave the company a “buy” rating in a research report on Monday, May 8th. ValuEngine cut Antero Resources Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Antero Resources Corporation currently has a consensus rating of “Buy” and an average target price of $29.13.

In related news, insider K. Phil Yoo sold 3,785 shares of Antero Resources Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total transaction of $77,781.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ward D. Mcneilly sold 24,000 shares of Antero Resources Corporation stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $22.05, for a total transaction of $529,200.00. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.

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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Institutional Ownership by Quarter for Antero Resources Corporation (NYSE:AR)

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