Antero Resources Co. (NYSE:AR) Shares Sold by JBR Co Financial Management Inc

JBR Co Financial Management Inc cut its stake in shares of Antero Resources Co. (NYSE:AR) by 15.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,820 shares of the oil and natural gas company’s stock after selling 2,003 shares during the quarter. JBR Co Financial Management Inc’s holdings in Antero Resources were worth $353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Antero Resources by 1,311.8% during the 1st 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 during the period. Mather Group LLC. purchased a new position in shares of Antero Resources in the 1st quarter valued at $37,000. Lindbrook Capital LLC boosted its position in Antero Resources by 81.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after purchasing an additional 664 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Antero Resources by 28.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after purchasing an additional 602 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 655 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on AR. Jefferies Financial Group boosted their target price on shares of Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Wolfe Research began coverage on Antero Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company dropped their price objective on Antero Resources from $43.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. Finally, Scotiabank raised their price target on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given 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.com, the company presently has an average rating of “Hold” and an average price target of $33.69.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the transaction, the insider now owns 248,363 shares in the company, valued at approximately $6,268,682.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the transaction, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sheri Pearce sold 16,377 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $35.50, for a total value of $581,383.50. Following the completion of the sale, the insider now owns 77,460 shares in the company, valued at $2,749,830. The disclosure for this sale can be found here. 6.70% of the stock is owned by company insiders.

Antero Resources Stock Performance

Shares of NYSE:AR traded up $0.10 on Tuesday, reaching $27.29. 2,939,578 shares of the company’s stock were exchanged, compared to its average volume of 4,289,524. The business’s 50-day moving average is $31.30 and its two-hundred day moving average is $29.56. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 135.95 and a beta of 3.40.

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.