Antero Resources Corp (AR) Holdings Reduced by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Antero Resources Corp (NYSE:AR) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,624,491 shares of the oil and natural gas company’s stock after selling 68,330 shares during the period. Geode Capital Management LLC owned about 0.83% of Antero Resources worth $24,630,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Baupost Group LLC MA boosted its holdings in shares of Antero Resources by 7.5% in the 4th quarter. Baupost Group LLC MA now owns 28,587,791 shares of the oil and natural gas company’s stock valued at $268,439,000 after purchasing an additional 2,000,000 shares during the last quarter. Poplar Forest Capital LLC boosted its holdings in shares of Antero Resources by 40.3% in the 4th quarter. Poplar Forest Capital LLC now owns 2,760,036 shares of the oil and natural gas company’s stock valued at $25,917,000 after purchasing an additional 793,020 shares during the last quarter. Sound Shore Management Inc. CT boosted its holdings in shares of Antero Resources by 9.0% in the 4th quarter. Sound Shore Management Inc. CT now owns 8,456,228 shares of the oil and natural gas company’s stock valued at $79,404,000 after purchasing an additional 699,980 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Antero Resources by 4,056.3% in the 4th quarter. Prudential Financial Inc. now owns 704,908 shares of the oil and natural gas company’s stock valued at $6,619,000 after purchasing an additional 687,948 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Antero Resources by 957.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 733,782 shares of the oil and natural gas company’s stock valued at $78,000 after purchasing an additional 664,363 shares during the last quarter. 98.53% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Paul M. Rady purchased 12,200 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $8.30 per share, with a total value of $101,260.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 190,000 shares of Antero Resources stock in a transaction on Friday, November 29th. The stock was sold at an average price of $18.64, for a total transaction of $3,541,600.00. Following the sale, the director now directly owns 210,859 shares in the company, valued at approximately $3,930,411.76. The disclosure for this sale can be found here. Insiders own 9.40% of the company’s stock.

A number of equities analysts have weighed in on AR shares. MKM Partners started coverage on shares of Antero Resources in a report on Wednesday, December 5th. They issued a “buy” rating and a $17.00 price target on the stock. Stifel Nicolaus set a $17.00 price target on shares of Antero Resources and gave the company a “buy” rating in a report on Friday, March 22nd. TD Securities decreased their price target on shares of Antero Resources from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th. Guggenheim set a $19.00 price target on shares of Antero Resources and gave the company a “buy” rating in a report on Thursday, February 14th. Finally, TheStreet lowered shares of Antero Resources from a “c-” rating to a “d+” rating in a report on Thursday, February 7th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.36.

NYSE:AR opened at $8.72 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The firm has a market cap of $2.73 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. Antero Resources Corp has a twelve month low of $7.63 and a twelve month high of $22.69.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 13th. The oil and natural gas company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a negative net margin of 9.60% and a positive return on equity of 3.67%. The business’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. Sell-side analysts forecast that Antero Resources Corp will post 0.54 EPS for the current year.

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Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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

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