Northwestern Mutual Wealth Management Co. Purchases 62,547 Shares of Antero Resources Corporation $AR

Northwestern Mutual Wealth Management Co. lifted its position in Antero Resources Corporation (NYSE:AR) by 1,399.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,016 shares of the oil and natural gas company’s stock after purchasing an additional 62,547 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Antero Resources were worth $2,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AR. Root Financial Partners LLC acquired a new position in shares of Antero Resources in the 3rd quarter valued at $26,000. Sunbelt Securities Inc. bought a new position in shares of Antero Resources during the 3rd quarter worth about $30,000. IFP Advisors Inc boosted its position in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 345 shares in the last quarter. Sound Income Strategies LLC increased its stake in Antero Resources by 167.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,824 shares of the oil and natural gas company’s stock valued at $59,000 after acquiring an additional 1,143 shares during the period. Finally, Clearstead Advisors LLC increased its stake in Antero Resources by 100.1% in the third quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock valued at $83,000 after acquiring an additional 1,244 shares during the period. 83.04% of the stock is owned by institutional investors.

Insider Activity at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction 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 represents a 12.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin A. Hardesty sold 12,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the sale, the director owned 150,242 shares of the company’s stock, valued at $6,610,648. The trade was a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 252,316 shares of company stock valued at $9,977,259 over the last ninety days. 6.30% of the stock is owned by insiders.

Antero Resources Price Performance

Antero Resources stock opened at $35.85 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $11.11 billion, a P/E ratio of 11.64 and a beta of 0.36. The business’s fifty day moving average is $39.14 and its two-hundred day moving average is $36.33. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

Analysts Set New Price Targets

A number of research analysts have commented on AR shares. Wells Fargo & Company raised their price target on shares of Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Truist Financial began coverage on Antero Resources in a research note on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price objective on the stock. UBS Group increased 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. Jefferies Financial Group restated a “buy” rating and set a $57.00 target price on shares of Antero Resources in a research report on Friday, May 1st. Finally, Barclays boosted their price target on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Five research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $49.63.

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.