Fox Run Management L.L.C. Increases Stake in Antero Resources Co. (NYSE:AR)

Fox Run Management L.L.C. grew its position in Antero Resources Co. (NYSE:AR) by 10.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 42,155 shares of the oil and natural gas company’s stock after purchasing an additional 4,112 shares during the quarter. Fox Run Management L.L.C.’s holdings in Antero Resources were worth $1,478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new stake in Antero Resources in the 4th quarter worth about $28,000. True Wealth Design LLC purchased a new stake in shares of Antero Resources during the 3rd quarter valued at about $30,000. Spire Wealth Management bought a new stake in shares of Antero Resources in the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Antero Resources by 205.2% during 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 during the last quarter. Finally, UMB Bank n.a. lifted its position in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after purchasing an additional 523 shares during the period. Institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value 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 $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Williams Trading set a $48.00 price target on Antero Resources in a report on Wednesday, March 5th. Barclays increased their target price on Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Truist Financial boosted their price target on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. UBS Group increased their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Raymond James boosted their target price on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.06.

Antero Resources Trading Down 0.7 %

Shares of AR opened at $40.70 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 127.18 and a beta of 3.38. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $41.53. The company has a 50-day moving average of $38.37 and a 200 day moving average of $32.99.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that Antero Resources Co. will post 2.74 EPS 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.