Connor Clark & Lunn Investment Management Ltd. Purchases 62,683 Shares of Antero Resources Co. (NYSE:AR)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Antero Resources Co. (NYSE:AR) by 37.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,565 shares of the oil and natural gas company’s stock after purchasing an additional 62,683 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Antero Resources worth $8,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AR. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources during the 4th quarter valued at about $28,000. True Wealth Design LLC bought a new position in shares of Antero Resources during the 3rd quarter valued at approximately $30,000. Spire Wealth Management purchased a new stake in shares of Antero Resources during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after purchasing an additional 913 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after buying an additional 523 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. 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 note on Monday, December 16th. Finally, Williams Trading set a $48.00 target price on Antero Resources in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.47.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.70% of the company’s stock.

Antero Resources Stock Performance

Shares of AR opened at $37.63 on Friday. The stock has a 50-day simple moving average of $38.08 and a 200-day simple moving average of $32.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $41.53. The stock has a market capitalization of $11.71 billion, a PE ratio of 117.59 and a beta of 3.38.

Antero Resources (NYSE:AR) last announced 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%. On average, analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

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.