KLP Kapitalforvaltning AS Takes Position in Antero Resources Co. (NYSE:AR)

KLP Kapitalforvaltning AS purchased a new position in shares of Antero Resources Co. (NYSE:AR) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 60,200 shares of the oil and natural gas company’s stock, valued at approximately $2,110,000.

A number of other hedge funds have also recently added to or reduced their stakes in AR. Wellington Management Group LLP boosted its position in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $139,054,000 after buying an additional 61,490 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Antero Resources during the fourth quarter worth about $140,020,000. Charles Schwab Investment Management Inc. increased its holdings in Antero Resources by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,961,644 shares of the oil and natural gas company’s stock valued at $68,756,000 after buying an additional 32,220 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Antero Resources by 4.3% during the 4th quarter. William Blair Investment Management LLC now owns 1,434,147 shares of the oil and natural gas company’s stock valued at $50,267,000 after acquiring an additional 59,439 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction on 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 completion of the sale, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The sale 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 Stock Performance

Antero Resources stock opened at $39.57 on Friday. The stock has a fifty day moving average price of $38.49 and a 200 day moving average price of $33.42. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63. The firm has a market capitalization of $12.31 billion, a P/E ratio of 123.66 and a beta of 3.38. 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 data 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%. Equities research analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of research reports. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday, February 13th. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Morgan Stanley reiterated an “overweight” rating and issued a $58.00 price objective on shares of Antero Resources in a research report on Wednesday. Mizuho lifted their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, Truist Financial increased their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $42.24.

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.