Icon Advisers Inc. Co. Buys Shares of 112,000 Antero Resources Corporation $AR

Icon Advisers Inc. Co. purchased a new position in shares of Antero Resources Corporation (NYSE:AR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 112,000 shares of the oil and natural gas company’s stock, valued at approximately $4,753,000. Antero Resources makes up 1.1% of Icon Advisers Inc. Co.’s holdings, making the stock its 23rd largest holding.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Antero Resources by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock valued at $434,597,000 after acquiring an additional 1,153,422 shares during the last quarter. State Street Corp increased its position in Antero Resources by 1.2% during the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after purchasing an additional 116,461 shares in the last quarter. Sourcerock Group LLC raised its stake in Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after purchasing an additional 783,117 shares during the last quarter. Invesco Ltd. raised its stake in Antero Resources by 18.0% in the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock valued at $172,291,000 after purchasing an additional 761,842 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Antero Resources by 35.4% in the 4th quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock valued at $161,768,000 after purchasing an additional 1,226,828 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Trading Up 4.1%

NYSE AR opened at $35.26 on Thursday. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The company has a 50-day moving average of $35.21 and a 200-day moving average of $36.31. The company has a market cap of $10.92 billion, a P/E ratio of 11.45 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Insider Buying and Selling at Antero Resources

In other news, 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 directly owned 1,085,192 shares in the company, valued at $42,680,601.36. This trade represents a 14.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was 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. The trade was a 12.45% decrease in their position. The SEC filing for this sale provides additional information. 4.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings lowered shares of Antero Resources from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Williams Trading set a $56.00 price objective on shares of Antero Resources in a research note on Monday, April 20th. Texas Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Barclays lifted their target price on shares of Antero Resources from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.56.

About Antero Resources

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.