Loomis Sayles & Co. L P Grows Stake in Antero Resources Co. (NYSE:AR)

Loomis Sayles & Co. L P increased its holdings in Antero Resources Co. (NYSE:AR) by 38.8% during the fourth quarter, Holdings Channel reports. The firm owned 675,490 shares of the oil and natural gas company’s stock after acquiring an additional 188,729 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Antero Resources were worth $23,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Antero Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock valued at $1,036,603,000 after purchasing an additional 214,060 shares in the last quarter. Wellington Management Group LLP grew its holdings in 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 valued at $500,231,000 after buying an additional 675,053 shares in the last quarter. Geode Capital Management LLC increased its stake in Antero Resources by 1.3% in the 3rd 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 acquiring an additional 61,490 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Antero Resources during the 4th quarter worth approximately $140,020,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Antero Resources by 1.7% during the 4th 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 acquiring an additional 32,220 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Trading Up 0.4 %

Shares of AR opened at $39.68 on Friday. 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 has a market capitalization of $12.35 billion, a price-to-earnings ratio of 124.01 and a beta of 3.38. The company has a 50-day moving average of $38.47 and a 200 day moving average of $33.52. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Antero Resources Co. will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

AR has been the topic of several research reports. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Truist Financial boosted their target price 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. Raymond James increased their price target on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Williams Trading set a $48.00 price objective on Antero Resources in a research note on Wednesday, March 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $58.00 price objective on shares of Antero Resources in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $42.24.

Insider Transactions at Antero Resources

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

About Antero Resources

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.