Bessemer Group Inc. Boosts Stake in Antero Resources Corporation (AR)

Bessemer Group Inc. increased its stake in Antero Resources Corporation (NYSE:AR) by 7.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,021 shares of the oil and natural gas company’s stock after buying an additional 2,689 shares during the period. Bessemer Group Inc.’s holdings in Antero Resources Corporation were worth $822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its stake in Antero Resources Corporation by 16.8% in the second quarter. Great West Life Assurance Co. Can now owns 108,333 shares of the oil and natural gas company’s stock valued at $2,337,000 after buying an additional 15,563 shares during the last quarter. Mraz Amerine & Associates Inc. raised its stake in Antero Resources Corporation by 57.1% in the second quarter. Mraz Amerine & Associates Inc. now owns 45,010 shares of the oil and natural gas company’s stock valued at $973,000 after buying an additional 16,360 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Antero Resources Corporation by 385.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 27,670 shares of the oil and natural gas company’s stock valued at $598,000 after buying an additional 21,966 shares during the last quarter. Strs Ohio raised its stake in Antero Resources Corporation by 0.3% in the second quarter. Strs Ohio now owns 230,265 shares of the oil and natural gas company’s stock valued at $4,976,000 after buying an additional 721 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Antero Resources Corporation by 57.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,137 shares of the oil and natural gas company’s stock valued at $391,000 after buying an additional 6,595 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Antero Resources Corporation (NYSE AR) opened at 18.84 on Thursday. The company has a 50-day moving average of $20.57 and a 200-day moving average of $22.10. The company has a market capitalization of $5.94 billion, a P/E ratio of 438.14 and a beta of 0.95. Antero Resources Corporation has a 1-year low of $18.23 and a 1-year high of $28.30.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.01. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The firm had revenue of $736 million for the quarter, compared to analysts’ expectations of $778.55 million. During the same period in the prior year, the firm posted $0.14 earnings per share. Antero Resources Corporation’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts expect that Antero Resources Corporation will post $0.32 EPS for the current fiscal year.

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Several research firms have issued reports on AR. BMO Capital Markets set a $24.00 price target on shares of Antero Resources Corporation and gave the company a “buy” rating in a research report on Thursday, August 10th. Barclays PLC cut their price target on shares of Antero Resources Corporation from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. Capital One Financial Corporation restated an “overweight” rating on shares of Antero Resources Corporation in a research report on Thursday, August 3rd. Scotiabank restated a “buy” rating and set a $27.00 price target on shares of Antero Resources Corporation in a research report on Thursday, August 3rd. Finally, BidaskClub lowered shares of Antero Resources Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $29.13.

In other Antero Resources Corporation news, insider Ward D. Mcneilly sold 24,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $22.05, for a total value of $529,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider K. Phil Yoo sold 3,785 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total transaction of $77,781.75. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by insiders.

Antero Resources Corporation Company Profile

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

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Institutional Ownership by Quarter for Antero Resources Corporation (NYSE:AR)

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