Payden & Rygel Investment Group Makes New $113,000 Investment in Antero Resources Co. (NYSE:AR)

Payden & Rygel Investment Group bought a new stake in Antero Resources Co. (NYSE:AR) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,910 shares of the oil and natural gas company’s stock, valued at approximately $113,000.

Several other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 892 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after purchasing an additional 664 shares in the last quarter. Mather Group LLC. purchased a new stake in Antero Resources in the 1st quarter valued at $37,000. Planned Solutions Inc. acquired a new stake in shares of Antero Resources in the 4th quarter worth $45,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Antero Resources by 28.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after acquiring an additional 602 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AR. JPMorgan Chase & Co. lifted their price target on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Wolfe Research started coverage on Antero Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lowered their price target on Antero Resources from $43.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Mizuho raised their price objective on Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, The Goldman Sachs Group upped their target price on shares of Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.69.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the completion of the sale, the insider now directly owns 1,032,251 shares of the company’s stock, valued at approximately $34,807,503.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $35.50, for a total value of $581,383.50. Following the sale, the insider now owns 77,460 shares of the company’s stock, valued at $2,749,830. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael N. Kennedy sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the transaction, the insider now owns 1,032,251 shares in the company, valued at $34,807,503.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 476,377 shares of company stock worth $16,326,084. 6.70% of the stock is owned by company insiders.

Antero Resources Stock Performance

AR traded down $0.64 on Thursday, reaching $29.20. The company had a trading volume of 3,855,356 shares, compared to its average volume of 4,334,340. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28. The stock has a market capitalization of $9.08 billion, a PE ratio of 146.00 and a beta of 3.39. The stock has a 50-day moving average price of $33.01 and a 200-day moving average price of $29.06.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. As a group, research analysts forecast that Antero Resources Co. will post 0.49 EPS for the current fiscal year.

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.