Bokf Na Sells 80,004 Shares of Antero Resources Corporation $AR

Bokf Na lessened its stake in Antero Resources Corporation (NYSE:AR) by 97.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,998 shares of the oil and natural gas company’s stock after selling 80,004 shares during the quarter. Bokf Na’s holdings in Antero Resources were worth $69,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AR. Root Financial Partners LLC purchased a new stake in shares of Antero Resources during the third quarter valued at approximately $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources during the third quarter valued at approximately $30,000. IFP Advisors Inc increased its position in shares of Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 345 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Antero Resources by 167.8% during the fourth quarter. Sound Income Strategies LLC now owns 1,824 shares of the oil and natural gas company’s stock valued at $59,000 after acquiring an additional 1,143 shares during the last quarter. Finally, Clearstead Advisors LLC increased its position in shares of Antero Resources by 100.1% during the third quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock valued at $83,000 after acquiring an additional 1,244 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AR shares. Bank of America increased their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Zacks Research raised Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Citigroup increased their price target on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Thursday, March 5th. Finally, UBS Group increased their price target on Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $49.63.

Insider Activity

In other news, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the completion of the transaction, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. The trade was a 14.62% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the transaction, the insider owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 252,316 shares of company stock worth $9,977,259. 6.30% of the stock is owned by corporate insiders.

Antero Resources Stock Performance

NYSE:AR opened at $36.59 on Tuesday. The company has a market capitalization of $11.34 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.35 and a beta of 0.36. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. The business has a fifty day simple moving average of $39.43 and a two-hundred day simple moving average of $35.93.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. On average, analysts expect that Antero Resources Corporation will post 4.04 earnings per share for the current year.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.