Amundi Grows Position in Antero Resources Co. (NYSE:AR)

Amundi raised its holdings in shares of Antero Resources Co. (NYSE:AR) by 117.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,132,725 shares of the oil and natural gas company’s stock after purchasing an additional 612,997 shares during the quarter. Amundi owned approximately 0.36% of Antero Resources worth $42,885,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after purchasing an additional 12,062 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after purchasing an additional 61,490 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after purchasing an additional 122,815 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after buying an additional 7,983 shares in the last quarter. Finally, Capital CS Group LLC purchased a new stake in shares of Antero Resources in the fourth quarter worth about $615,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Up 0.7 %

Shares of NYSE AR opened at $36.10 on Thursday. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.53. 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’s 50 day simple moving average is $38.01 and its two-hundred day simple moving average is $32.42. The stock has a market capitalization of $11.23 billion, a P/E ratio of 112.83 and a beta of 3.38.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 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%. As a group, analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Barclays increased their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Benchmark reissued a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. UBS Group increased their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Truist Financial increased their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.94.

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.