Mutual of America Capital Management LLC Sells 3,492 Shares of Antero Resources Co. (NYSE:AR)

Mutual of America Capital Management LLC decreased its stake in shares of Antero Resources Co. (NYSE:AR) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 154,508 shares of the oil and natural gas company’s stock after selling 3,492 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Antero Resources were worth $5,416,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new position in Antero Resources in the fourth quarter valued at $28,000. True Wealth Design LLC bought a new position in Antero Resources in the third quarter valued at $30,000. Spire Wealth Management bought a new position in Antero Resources in the fourth quarter valued at $31,000. Capital Performance Advisors LLP bought a new position in Antero Resources in the third quarter valued at $45,000. Finally, Wilmington Savings Fund Society FSB grew its position in Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after purchasing an additional 913 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Stock Performance

NYSE AR opened at $36.25 on Tuesday. The firm has a 50-day moving average of $37.83 and a 200-day moving average of $32.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $11.28 billion, a PE ratio of 113.28 and a beta of 3.33. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $41.53.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AR. Barclays raised their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Truist Financial raised their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. The Goldman Sachs Group increased their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.44.

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.