Barnett & Company Inc. Has $990,000 Stock Holdings in Antero Resources Co. (NYSE:AR)

Barnett & Company Inc. increased its holdings in Antero Resources Co. (NYSE:AR) by 58.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 28,250 shares of the oil and natural gas company’s stock after purchasing an additional 10,450 shares during the period. Barnett & Company Inc.’s holdings in Antero Resources were worth $990,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources during the 4th quarter worth about $28,000. Spire Wealth Management purchased a new stake in shares of Antero Resources during the 4th quarter valued at $31,000. True Wealth Design LLC purchased a new position in Antero Resources in the third quarter valued at about $30,000. Wilmington Savings Fund Society FSB lifted its stake in Antero Resources by 205.2% in the fourth 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 last quarter. Finally, UMB Bank n.a. grew its stake 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 worth $49,000 after acquiring an additional 523 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Stock Performance

NYSE AR opened at $40.70 on Monday. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $41.53. The stock has a market cap of $12.66 billion, a PE ratio of 127.18 and a beta of 3.38. The stock has a fifty day simple moving average of $38.37 and a 200-day simple moving average of $33.10. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last posted its quarterly earnings results 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 net margin of 2.31% and a return on equity of 0.74%. Equities analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on AR shares. Raymond James boosted their price objective on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Mizuho raised their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Williams Trading set a $48.00 price target on Antero Resources in a report on Wednesday, March 5th. Finally, Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.06.

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 transaction of $7,952,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is currently owned by insiders.

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.