Kore Advisors LP Acquires 20,000 Shares of Antero Resources Corporation $AR

Kore Advisors LP boosted its holdings in Antero Resources Corporation (NYSE:AR) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 228,907 shares of the oil and natural gas company’s stock after buying an additional 20,000 shares during the period. Antero Resources accounts for approximately 5.8% of Kore Advisors LP’s holdings, making the stock its 4th largest holding. Kore Advisors LP owned approximately 0.07% of Antero Resources worth $7,888,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in Antero Resources in the 3rd quarter worth about $30,000. IFP Advisors Inc boosted its stake in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Antero Resources in the 4th quarter worth about $41,000. Hilton Head Capital Partners LLC acquired a new stake in Antero Resources in the 4th quarter worth about $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in Antero Resources in the 4th quarter worth about $45,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AR shares. Bank of America lifted their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings lowered Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Citigroup lifted 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. Morgan Stanley lifted their price objective on Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Barclays lifted their price objective 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. Four investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $50.06.

Antero Resources Stock Performance

NYSE AR opened at $34.80 on Friday. The firm has a market capitalization of $10.78 billion, a P/E ratio of 11.30 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. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The business’s 50-day simple moving average is $37.26 and its 200-day simple moving average is $36.46.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider directly owned 277,665 shares in the company, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the sale, the insider owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 237,316 shares of company stock worth $9,387,309. 4.10% of the stock is currently owned by company insiders.

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.