Jupiter Asset Management Ltd. Raises Position in Antero Resources Corporation $AR

Jupiter Asset Management Ltd. raised its position in shares of Antero Resources Corporation (NYSE:AR) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,732,790 shares of the oil and natural gas company’s stock after acquiring an additional 161,366 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Antero Resources were worth $59,712,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after purchasing an additional 116,461 shares during the period. Sourcerock Group LLC raised its holdings in Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after purchasing an additional 783,117 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Antero Resources by 31.8% in the third quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock worth $267,485,000 after purchasing an additional 1,922,977 shares in the last quarter. Raymond James Financial Inc. lifted its position in Antero Resources by 3.2% during the third quarter. Raymond James Financial Inc. now owns 4,508,542 shares of the oil and natural gas company’s stock valued at $151,307,000 after buying an additional 140,416 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Antero Resources by 111.2% during 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 in the last quarter. Institutional investors own 83.04% of the company’s stock.

Insider Activity at Antero Resources

In other Antero Resources news, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the sale, the director directly owned 150,242 shares in the company, valued at approximately $6,610,648. This trade represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 252,316 shares of company stock valued at $9,977,259 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Antero Resources Stock Up 2.0%

NYSE:AR opened at $35.81 on Friday. 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 $11.10 billion, a P/E ratio of 11.63 and a beta of 0.36. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm has a 50-day simple moving average of $38.91 and a two-hundred day simple moving average of $36.36.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AR shares. Morgan Stanley increased their price target on shares of Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Weiss Ratings upgraded shares of Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Williams Trading set a $56.00 target price on shares of Antero Resources in a report on Monday, April 20th. Truist Financial initiated coverage on Antero Resources in a research report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, Mizuho upped their price target on Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.06.

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.