Mitsubishi UFJ Trust & Banking Corp Has $486,000 Position in Antero Resources Corporation $AR

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Antero Resources Corporation (NYSE:AR) by 60.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,106 shares of the oil and natural gas company’s stock after selling 21,297 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Antero Resources were worth $486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AR. NewEdge Advisors LLC lifted its holdings in Antero Resources by 16,498.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after buying an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after buying an additional 43,312 shares during the period. Focus Partners Wealth lifted its holdings in Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after buying an additional 3,169 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Antero Resources by 701.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after buying an additional 2,616 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Antero Resources by 22.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock worth $1,470,000 after buying an additional 6,700 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 150,242 shares of the company’s stock, valued at $6,610,648. The trade was a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 252,316 shares of company stock valued at $9,977,259 in the last ninety days. 6.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on AR shares. UBS Group lifted their target price on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a report 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. Williams Trading set a $56.00 price objective on Antero Resources in a research note on Monday, April 20th. Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, March 5th. Finally, Citigroup boosted their price objective on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Five equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $49.63.

Antero Resources Stock Down 5.7%

Shares of NYSE:AR opened at $36.89 on Thursday. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 0.38 and a beta of 0.36. 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 business’s 50-day moving average is $39.30 and its 200-day moving average is $35.84. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The firm’s revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. Equities research analysts predict that Antero Resources Corporation will post 4.04 earnings per share for the current year.

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.