Aristotle Atlantic Partners LLC Raises Stock Holdings in Antero Resources Corporation $AR

Aristotle Atlantic Partners LLC boosted its stake in Antero Resources Corporation (NYSE:AR) by 66.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 565,039 shares of the oil and natural gas company’s stock after buying an additional 225,478 shares during the period. Aristotle Atlantic Partners LLC owned approximately 0.18% of Antero Resources worth $19,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AR. Sunbelt Securities Inc. purchased a new stake in Antero Resources in the 3rd quarter valued at about $30,000. IFP Advisors Inc grew its stake in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Antero Resources in the fourth quarter valued at $41,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Antero Resources in the fourth quarter valued at $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Antero Resources in the fourth quarter valued at $45,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AR. Roth Mkm reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a research note on Thursday, April 30th. Morgan Stanley lifted their price objective on Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Bank of America lifted their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Truist Financial began coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price target for the company. Finally, Weiss Ratings cut shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Four investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 277,665 shares of the company’s stock, valued at $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the sale, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is owned by company insiders.

Antero Resources Stock Performance

Shares of AR stock opened at $33.90 on Thursday. The firm has a 50 day moving average of $36.87 and a two-hundred day moving average of $36.46. The stock has a market capitalization of $10.50 billion, a PE ratio of 11.01 and a beta of 0.33. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. 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 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.