JBR Co Financial Management Inc Grows Stake in Antero Resources Co. (NYSE:AR)

JBR Co Financial Management Inc grew its holdings in Antero Resources Co. (NYSE:AR) by 5.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,376 shares of the oil and natural gas company’s stock after acquiring an additional 556 shares during the quarter. JBR Co Financial Management Inc’s holdings in Antero Resources were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AR. HITE Hedge Asset Management LLC increased its holdings in shares of Antero Resources by 537.2% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after acquiring an additional 804,851 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after acquiring an additional 675,053 shares during the last quarter. Kailix Advisors LLC purchased a new position in shares of Antero Resources in the 3rd quarter valued at about $17,327,000. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after acquiring an additional 411,549 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Antero Resources by 43.1% in the 4th quarter. Van ECK Associates Corp now owns 745,770 shares of the oil and natural gas company’s stock valued at $26,139,000 after acquiring an additional 224,700 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE AR opened at $38.18 on Friday. Antero Resources Co. has a 1-year low of $24.43 and a 1-year high of $41.53. The company has a market capitalization of $11.88 billion, a P/E ratio of 119.30 and a beta of 3.33. The business has a 50 day moving average price of $37.17 and a 200 day moving average price of $31.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Sell-side analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AR shares. Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. UBS Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Raymond James upped their target price on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America started coverage on Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $39.44.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.70% of the stock is currently owned by company insiders.

About Antero Resources

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.