Allen Investment Management LLC Has $281,000 Stake in Antero Resources Corporation (AR)

Allen Investment Management LLC trimmed its holdings in shares of Antero Resources Corporation (NYSE:AR) by 17.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,096 shares of the oil and natural gas company’s stock after selling 3,002 shares during the quarter. Allen Investment Management LLC’s holdings in Antero Resources Corporation were worth $281,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AR. Teachers Advisors LLC increased its position in shares of Antero Resources Corporation by 12.8% during the first quarter. Teachers Advisors LLC now owns 278,807 shares of the oil and natural gas company’s stock worth $6,360,000 after acquiring an additional 31,717 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Antero Resources Corporation by 16.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,059,571 shares of the oil and natural gas company’s stock worth $24,169,000 after acquiring an additional 153,118 shares during the last quarter. BlackRock Inc. increased its position in shares of Antero Resources Corporation by 2,440.4% during the first quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock worth $195,044,000 after acquiring an additional 8,214,276 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Antero Resources Corporation by 18.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 470,566 shares of the oil and natural gas company’s stock worth $10,734,000 after acquiring an additional 72,451 shares during the last quarter. Finally, Paloma Partners Management Co increased its position in shares of Antero Resources Corporation by 13.2% during the first quarter. Paloma Partners Management Co now owns 14,717 shares of the oil and natural gas company’s stock worth $336,000 after acquiring an additional 1,713 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors and hedge funds.

AR has been the topic of a number of analyst reports. Scotiabank set a $26.00 target price on Antero Resources Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets set a $24.00 target price on Antero Resources Corporation and gave the stock a “buy” rating in a research report on Thursday, August 10th. Citigroup Inc. dropped their target price on Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Zacks Investment Research raised Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, July 21st. Finally, KeyCorp reaffirmed a “buy” rating and set a $33.00 target price on shares of Antero Resources Corporation in a research report on Sunday, September 3rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $27.74.

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Shares of Antero Resources Corporation (NYSE:AR) traded up $0.06 during midday trading on Thursday, hitting $18.92. The stock had a trading volume of 4,242,600 shares, compared to its average volume of 3,371,498. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $5,952.83, a P/E ratio of 99.26 and a beta of 0.95. Antero Resources Corporation has a fifty-two week low of $17.89 and a fifty-two week high of $27.23.

Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $775.30 million for the quarter, compared to analyst estimates of $798.88 million. Antero Resources Corporation had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same quarter in the prior year, the firm posted $0.18 earnings per share. equities research analysts forecast that Antero Resources Corporation will post -0.02 earnings per share for the current year.

In other news, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.99, for a total transaction of $1,654,372.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.20% of the company’s stock.

About Antero Resources Corporation

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.

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

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