State of Wyoming Acquires 15,364 Shares of Antero Resources Corporation $AR

State of Wyoming raised its holdings in Antero Resources Corporation (NYSE:AR) by 1,239.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,604 shares of the oil and natural gas company’s stock after buying an additional 15,364 shares during the period. State of Wyoming’s holdings in Antero Resources were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brandywine Global Investment Management LLC lifted its position in shares of Antero Resources by 77.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after buying an additional 94,260 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Antero Resources by 10.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock worth $22,743,000 after acquiring an additional 64,378 shares in the last quarter. Kailix Advisors LLC raised its stake in Antero Resources by 15.5% during the 4th quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company’s stock worth $12,905,000 after acquiring an additional 50,150 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Antero Resources by 1,399.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 67,016 shares of the oil and natural gas company’s stock valued at $2,309,000 after purchasing an additional 62,547 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in Antero Resources by 25.0% during the fourth quarter. William Blair Investment Management LLC now owns 626,420 shares of the oil and natural gas company’s stock valued at $21,586,000 after purchasing an additional 125,136 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction 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 in the company, valued at $10,903,904.55. The trade was a 12.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction dated 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 transaction, the insider directly owned 1,085,192 shares of the company’s stock, 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. Company insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AR. JPMorgan Chase & Co. reduced their price objective on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Bank of America lifted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Barclays upped their target price on shares of Antero Resources from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 24th. Jefferies Financial Group reiterated a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a research note on Friday, May 1st. Finally, Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.56.

Antero Resources Trading Down 0.5%

Antero Resources stock opened at $35.09 on Friday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The firm’s 50 day moving average price is $35.17 and its 200-day moving average price is $36.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $10.87 billion, a P/E ratio of 11.39 and a beta of 0.33.

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.