Bank of New York Mellon Corp Lowers Stake in Antero Resources Co. (NYSE:AR)

Bank of New York Mellon Corp cut its holdings in Antero Resources Co. (NYSE:AR) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,646,601 shares of the oil and natural gas company’s stock after selling 1,441,714 shares during the quarter. Bank of New York Mellon Corp’s holdings in Antero Resources were worth $232,963,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new position in Antero Resources in the 4th quarter valued at about $28,000. True Wealth Design LLC purchased a new position in shares of Antero Resources in the 3rd quarter valued at approximately $30,000. Spire Wealth Management acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $31,000. Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources during the third quarter worth approximately $45,000. Finally, Wilmington Savings Fund Society FSB lifted 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 worth $48,000 after purchasing an additional 913 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AR. Mizuho boosted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. UBS Group boosted their price target 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. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Barclays increased their target price on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.44.

Insider Buying and Selling at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s 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 transaction, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. 6.70% of the stock is owned by insiders.

Antero Resources Price Performance

Antero Resources stock opened at $35.53 on Friday. The firm has a market capitalization of $11.06 billion, a PE ratio of 111.05 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. The firm’s 50-day simple moving average is $37.64 and its 200 day simple moving average is $31.90. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last announced 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 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, equities research analysts predict that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

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.