Commonwealth Equity Services LLC Has $2.60 Million Holdings in Antero Resources Co. (NYSE:AR)

Commonwealth Equity Services LLC lessened its holdings in shares of Antero Resources Co. (NYSE:AR) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,556 shares of the oil and natural gas company’s stock after selling 10,223 shares during the period. Commonwealth Equity Services LLC’s holdings in Antero Resources were worth $2,597,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AR. Benjamin F. Edwards & Company Inc. increased its stake in Antero Resources by 11.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 343 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Antero Resources by 35.1% in the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after acquiring an additional 519 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 602 shares during the last quarter. Fund 1 Investments LLC lifted its stake in shares of Antero Resources by 2.0% during the 4th quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock valued at $925,000 after buying an additional 800 shares in the last quarter. Finally, Xponance Inc. lifted its stake in shares of Antero Resources by 2.5% during the 4th quarter. Xponance Inc. now owns 34,724 shares of the oil and natural gas company’s stock valued at $788,000 after buying an additional 857 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Friday, April 26th. Mizuho lifted their target price on shares of Antero Resources from $29.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $26.00 to $36.00 in a research note on Wednesday, April 17th. Finally, Truist Financial dropped their target price on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Hold” and an average target price of $33.50.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Sheri Pearce sold 16,377 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $35.50, for a total transaction of $581,383.50. Following the sale, the insider now directly owns 77,460 shares in the company, valued at $2,749,830. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director W Howard Keenan, Jr. sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total value of $3,453,000.00. Following the completion of the transaction, the director now owns 2,900,000 shares in the company, valued at $100,137,000. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sheri Pearce sold 16,377 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $35.50, for a total value of $581,383.50. Following the completion of the transaction, the insider now owns 77,460 shares of the company’s stock, valued at approximately $2,749,830. The disclosure for this sale can be found here. Insiders have sold 476,377 shares of company stock valued at $16,326,084 over the last 90 days. 6.70% of the stock is owned by insiders.

Antero Resources Price Performance

AR traded down $0.60 on Friday, hitting $32.70. 558,946 shares of the company’s stock were exchanged, compared to its average volume of 4,381,465. The firm has a 50-day moving average price of $33.79 and a 200-day moving average price of $28.17. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 166.50 and a beta of 3.39. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. As a group, equities analysts anticipate that Antero Resources Co. will post 0.36 earnings per share for the current year.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.