Boston Partners Sells 31,821 Shares of Antero Resources Co. (NYSE:AR)

Boston Partners decreased its position in shares of Antero Resources Co. (NYSE:AR) by 44.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,768 shares of the oil and natural gas company’s stock after selling 31,821 shares during the period. Boston Partners’ holdings in Antero Resources were worth $1,394,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources in the fourth quarter worth $28,000. Spire Wealth Management bought a new position in shares of Antero Resources in the fourth quarter worth $31,000. True Wealth Design LLC bought a new position in shares of Antero Resources in the third quarter worth $30,000. Wilmington Savings Fund Society FSB increased its position in shares of Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after purchasing an additional 913 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Antero Resources by 59.6% in 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 purchasing an additional 523 shares during the period. Institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AR. Mizuho raised their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Raymond James lifted their target price on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial lifted their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.06.

Antero Resources Price Performance

Antero Resources stock opened at $40.70 on Friday. The stock’s 50 day moving average is $38.37 and its 200 day moving average is $33.04. 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 cap of $12.66 billion, a P/E ratio of 127.18 and a beta of 3.38. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.53.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping 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%. As a group, research analysts expect that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is owned by insiders.

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.