ING Groep NV Lowers Position in Antero Resources Corporation $AR

ING Groep NV cut its holdings in Antero Resources Corporation (NYSE:AR) by 65.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,300 shares of the oil and natural gas company’s stock after selling 126,200 shares during the quarter. ING Groep NV’s holdings in Antero Resources were worth $2,250,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Antero Resources during the fourth quarter valued at about $41,000. WINTON GROUP Ltd lifted its position in shares of Antero Resources by 315.5% during the fourth quarter. WINTON GROUP Ltd now owns 286,201 shares of the oil and natural gas company’s stock valued at $9,862,000 after buying an additional 217,317 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Antero Resources by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after buying an additional 301 shares during the last quarter. Fore Capital LLC purchased a new stake in shares of Antero Resources during the fourth quarter valued at about $2,240,000. Finally, Cibc World Market Inc. purchased a new stake in shares of Antero Resources during the fourth quarter valued at about $1,154,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Antero Resources

In related news, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the transaction, the director directly owned 150,242 shares of the company’s stock, valued at $6,610,648. This trade represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the transaction, the insider directly owned 277,665 shares of the company’s stock, valued at $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 237,316 shares of company stock valued at $9,387,309 in the last three months. 4.10% of the stock is owned by insiders.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $34.62 on Wednesday. The firm has a market capitalization of $10.73 billion, a P/E ratio of 11.24 and a beta of 0.33. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $37.71 and a 200 day moving average price of $36.45. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

Analysts Set New Price Targets

Several analysts have commented on the stock. Mizuho increased their price target on shares of Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Benchmark raised shares of 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. Bank of America increased their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Finally, Williams Trading set a $56.00 price target on shares of Antero Resources in a research report on Monday, April 20th. Four analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.

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.