142,500 Shares in Antero Resources Co. (NYSE:AR) Bought by Natixis

Posted by Defense World Staff on Jun 10th, 2023

Natixis acquired a new stake in shares of Antero Resources Co. (NYSE:AR – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 142,500 shares of the oil and natural gas company’s stock, valued at approximately $4,416,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of Antero Resources by 1.4% in the 3rd quarter. Captrust Financial Advisors now owns 30,771 shares of the oil and natural gas company’s stock worth $939,000 after buying an additional 414 shares during the last quarter. Sanders Morris Harris LLC lifted its holdings in shares of Antero Resources by 2.2% during the 4th quarter. Sanders Morris Harris LLC now owns 19,951 shares of the oil and natural gas company’s stock valued at $618,000 after purchasing an additional 424 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Antero Resources by 14.4% in the 4th quarter. Fifth Third Bancorp now owns 3,774 shares of the oil and natural gas company’s stock worth $117,000 after purchasing an additional 474 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its stake in Antero Resources by 1.5% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 34,113 shares of the oil and natural gas company’s stock worth $1,041,000 after buying an additional 510 shares during the last quarter. Finally, Navellier & Associates Inc. increased its position in Antero Resources by 0.5% during the 4th quarter. Navellier & Associates Inc. now owns 103,458 shares of the oil and natural gas company’s stock valued at $3,206,000 after buying an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Insider Transactions at Antero Resources

In related news, insider Michael N. Kennedy sold 150,000 shares of Antero Resources stock in a transaction on Friday, May 5th. The shares were sold at an average price of $21.07, for a total value of $3,160,500.00. Following the sale, the insider now owns 941,832 shares of the company’s stock, valued at approximately $19,844,400.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.72% of the company’s stock.

Antero Resources Stock Down 2.7 %

AR stock opened at $21.31 on Friday. Antero Resources Co. has a one year low of $19.91 and a one year high of $45.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s fifty day moving average is $22.33 and its 200 day moving average is $26.52. The firm has a market cap of $6.39 billion, a PE ratio of 3.04 and a beta of 3.47.

Antero Resources (NYSE:AR – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The oil and natural gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Antero Resources had a net margin of 29.24% and a return on equity of 23.30%. On average, research analysts forecast that Antero Resources Co. will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AR. TheStreet upgraded Antero Resources from a “c” rating to a “b-” rating in a research note on Monday, March 20th. Mizuho upped their price target on shares of Antero Resources from $38.00 to $40.00 in a research note on Friday, May 19th. Benchmark decreased their price target on shares of Antero Resources from $40.00 to $36.00 in a report on Thursday, April 27th. TD Securities dropped their price objective on shares of Antero Resources from $50.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, February 16th. Finally, Morgan Stanley lowered their price target on Antero Resources from $25.00 to $24.00 in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.08.

Antero Resources Profile

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Antero Resources Corp. engages in the development, production, exploration and acquisition of natural gas. It operates through the following segments: Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream. The Exploration and Production segment deals with the development and production of natural gas, NGLs, and oil.