Corebridge Financial Inc. Trims Holdings in Antero Resources Co. (NYSE:AR)

Corebridge Financial Inc. decreased its stake in shares of Antero Resources Co. (NYSE:AR) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 330,948 shares of the oil and natural gas company’s stock after selling 14,748 shares during the period. Corebridge Financial Inc. owned 0.11% of Antero Resources worth $11,600,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AR. Pinnacle Bancorp Inc. purchased a new stake in shares of Antero Resources in the fourth quarter worth about $28,000. Spire Wealth Management bought a new stake in Antero Resources during the 4th quarter worth approximately $31,000. True Wealth Design LLC purchased a new stake in Antero Resources in the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB boosted its holdings in Antero Resources by 205.2% in the 4th 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 period. Finally, UMB Bank n.a. grew its position in shares of Antero Resources by 59.6% during the 4th 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 in the last quarter. Institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AR shares. Raymond James increased their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Mizuho raised their price target on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Wells Fargo & Company boosted their price objective on Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 19th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Finally, Williams Trading set a $48.00 price target on shares of Antero Resources in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.06.

Insider Activity

In other 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 value of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.70% of the company’s stock.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $41.46 on Wednesday. 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 business’s 50 day simple moving average is $38.49 and its two-hundred day simple moving average is $33.32. The stock has a market capitalization of $12.90 billion, a P/E ratio of 129.57 and a beta of 3.38. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.74.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

Antero Resources Company 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.