Oxbow Advisors LLC Makes New Investment in Antero Resources Co. (NYSE:AR)

Oxbow Advisors LLC acquired a new position in shares of Antero Resources Co. (NYSE:AR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 116,041 shares of the oil and natural gas company’s stock, valued at approximately $4,067,000.

Several other hedge funds have also recently bought and sold shares of the stock. Ieq Capital LLC lifted its position in Antero Resources by 159.3% during the fourth quarter. Ieq Capital LLC now owns 35,377 shares of the oil and natural gas company’s stock worth $1,240,000 after acquiring an additional 21,732 shares during the last quarter. Global Retirement Partners LLC lifted its position in Antero Resources by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company’s stock worth $187,000 after acquiring an additional 386 shares during the last quarter. Callahan Advisors LLC acquired a new stake in Antero Resources during the fourth quarter worth approximately $210,000. Mraz Amerine & Associates Inc. lifted its position in Antero Resources by 2.7% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 144,391 shares of the oil and natural gas company’s stock worth $5,061,000 after acquiring an additional 3,825 shares during the last quarter. Finally, Pinnbrook Capital Management LP acquired a new stake in Antero Resources during the fourth quarter worth approximately $1,008,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AR. Citigroup raised their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Truist Financial lifted 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. Mizuho lifted their price target on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. The Goldman Sachs Group lifted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays lifted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. One 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

Insiders Place Their Bets

In other Antero Resources 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 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 SEC, which can be accessed through the SEC website. Insiders own 6.70% of the company’s stock.

Antero Resources Stock Performance

Shares of NYSE:AR opened at $38.18 on Friday. The company’s 50 day simple moving average is $37.17 and its 200 day simple moving average is $31.59. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 119.30 and a beta of 3.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a 1 year low of $24.43 and a 1 year high of $41.53.

Antero Resources (NYSE:AR) last announced its quarterly earnings data 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 net margin of 2.31% and a return on equity of 0.74%. As a group, research analysts predict that Antero Resources Co. will post 2.74 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.