Antero Resources Co. (NYSE:AR) is Goodman Financial Corp’s 4th Largest Position

Goodman Financial Corp reduced its position in Antero Resources Co. (NYSE:AR) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,323 shares of the oil and natural gas company’s stock after selling 596 shares during the quarter. Antero Resources makes up approximately 3.8% of Goodman Financial Corp’s portfolio, making the stock its 4th biggest position. Goodman Financial Corp owned 0.16% of Antero Resources worth $17,641,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AR. Oregon Public Employees Retirement Fund boosted its holdings in Antero Resources by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock valued at $2,085,000 after purchasing an additional 300 shares during the period. Net Worth Advisory Group raised its position in Antero Resources by 2.2% in the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock valued at $582,000 after purchasing an additional 354 shares in the last quarter. Caprock Group LLC boosted its stake in shares of Antero Resources by 0.6% in the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock valued at $2,047,000 after buying an additional 374 shares during the period. Global Retirement Partners LLC grew its position in shares of Antero Resources by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company’s stock worth $187,000 after buying an additional 386 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after buying an additional 418 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Down 0.1 %

NYSE:AR opened at $40.96 on Friday. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $41.53. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $38.33 and its 200-day simple moving average is $32.89. The firm has a market cap of $12.75 billion, a P/E ratio of 128.00 and a beta of 3.38.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on AR shares. Wells Fargo & Company boosted their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday. StockNews.com raised Antero Resources to a “sell” rating in a report on Thursday, February 13th. The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Williams Trading set a $48.00 price objective on Antero Resources in a report on Wednesday, March 5th. Finally, Mizuho boosted their target price on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and a consensus target price of $41.06.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred 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 directly 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 SEC, which is available at this hyperlink. Corporate insiders own 6.70% of the company’s stock.

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.