Chronos Wealth Management LLC Buys 21,225 Shares of Antero Resources Corporation $AR

Chronos Wealth Management LLC lifted its stake in shares of Antero Resources Corporation (NYSE:AR) by 22.2% during the first quarter, Holdings Channel.com reports. The firm owned 116,900 shares of the oil and natural gas company’s stock after buying an additional 21,225 shares during the period. Antero Resources accounts for approximately 2.4% of Chronos Wealth Management LLC’s holdings, making the stock its 19th largest position. Chronos Wealth Management LLC’s holdings in Antero Resources were worth $4,961,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Assenagon Asset Management S.A. raised its position in Antero Resources by 177.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock worth $153,261,000 after purchasing an additional 2,309,388 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Antero Resources in the 3rd quarter valued at $77,294,000. Massachusetts Financial Services Co. MA boosted its position in Antero Resources by 111.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock valued at $137,437,000 after buying an additional 2,099,755 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Antero Resources by 140.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after buying an additional 2,023,828 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Antero Resources by 31.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock valued at $267,485,000 after buying an additional 1,922,977 shares during the period. 83.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the transaction, the insider owned 277,665 shares in the company, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction dated 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 transaction, the insider 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on AR. UBS Group upped their price target on Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Bank of America lifted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Weiss Ratings cut Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Morgan Stanley upped their target price on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Mizuho raised their target price on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday. Four analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.38.

Antero Resources Stock Performance

AR stock opened at $34.47 on Friday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month 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. The company has a market cap of $10.68 billion, a P/E ratio of 11.19 and a beta of 0.33. The business’s fifty day moving average is $36.38 and its 200-day moving average is $36.37.

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.