Antero Resources Corporation $AR Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. cut its holdings in Antero Resources Corporation (NYSE:AR) by 73.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,368 shares of the oil and natural gas company’s stock after selling 1,255,309 shares during the period. Jefferies Financial Group Inc.’s holdings in Antero Resources were worth $15,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in Antero Resources by 38.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,909 shares of the oil and natural gas company’s stock valued at $204,000 after buying an additional 1,656 shares in the last quarter. Evoke Wealth LLC raised its stake in Antero Resources by 99.0% in the fourth quarter. Evoke Wealth LLC now owns 17,358 shares of the oil and natural gas company’s stock valued at $598,000 after buying an additional 8,636 shares in the last quarter. Mraz Amerine & Associates Inc. raised its stake in Antero Resources by 1.1% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 150,769 shares of the oil and natural gas company’s stock valued at $5,196,000 after buying an additional 1,595 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in Antero Resources by 10.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock valued at $22,743,000 after buying an additional 64,378 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in Antero Resources by 10.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,140 shares of the oil and natural gas company’s stock valued at $177,000 after buying an additional 468 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley lifted their target price on Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Williams Trading set a $56.00 price target on Antero Resources in a research note on Monday, April 20th. TD Cowen raised Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. Barclays lifted their price target on Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Finally, Weiss Ratings raised Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Buy” and an average price target of $49.63.

Insider Activity at Antero Resources

In related news, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the transaction, the director owned 150,242 shares in the company, valued at $6,610,648. The trade was a 7.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were 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 owned 1,085,192 shares in the company, valued at $42,680,601.36. This trade represents a 14.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 252,316 shares of company stock worth $9,977,259 in the last quarter. Company insiders own 6.30% of the company’s stock.

Antero Resources Trading Up 0.1%

AR opened at $36.79 on Monday. The firm has a market cap of $11.40 billion, a price-to-earnings ratio of 11.95 and a beta of 0.36. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The business’s 50 day moving average is $39.31 and its two-hundred day moving average is $36.28. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32.

Antero Resources Company 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.