Farther Finance Advisors LLC Purchases 18,018 Shares of Antero Resources Co. (NYSE:AR)

Farther Finance Advisors LLC boosted its holdings in shares of Antero Resources Co. (NYSE:AR) by 464.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,901 shares of the oil and natural gas company’s stock after acquiring an additional 18,018 shares during the period. Farther Finance Advisors LLC’s holdings in Antero Resources were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. MQS Management LLC bought a new position in shares of Antero Resources during the third quarter valued at approximately $223,000. KBC Group NV boosted its position in Antero Resources by 12.4% during the 3rd quarter. KBC Group NV now owns 8,086 shares of the oil and natural gas company’s stock valued at $232,000 after acquiring an additional 889 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Antero Resources by 6.2% in the 3rd quarter. Natixis Advisors LLC now owns 1,516,963 shares of the oil and natural gas company’s stock valued at $43,461,000 after acquiring an additional 88,099 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after acquiring an additional 411,549 shares in the last quarter. Finally, S&CO Inc. lifted its stake in shares of Antero Resources by 30.5% during the 3rd quarter. S&CO Inc. now owns 278,228 shares of the oil and natural gas company’s stock worth $7,971,000 after purchasing an additional 65,060 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of AR stock opened at $37.63 on Friday. The stock has a market cap of $11.71 billion, a PE ratio of 117.59 and a beta of 3.38. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $41.53. The business has a 50-day simple moving average of $38.08 and a 200-day simple moving average of $32.56. 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 released its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, equities analysts expect that Antero Resources Co. will post 2.74 EPS for the current year.

Analysts Set New Price Targets

AR has been the subject of a number of recent research reports. UBS Group boosted their target price 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. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $32.00 in a research note on Tuesday, December 17th. Raymond James lifted their price target on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Mizuho raised their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.47.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.70% of the company’s stock.

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.