Mirae Asset Securities USA Inc. Has $2.88 Million Stock Position in Antero Resources Co. (NYSE:AR)

Mirae Asset Securities USA Inc. increased its holdings in Antero Resources Co. (NYSE:AR) by 14,348.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,211 shares of the oil and natural gas company’s stock after acquiring an additional 81,642 shares during the period. Antero Resources comprises about 0.1% of Mirae Asset Securities USA Inc.’s holdings, making the stock its 11th largest holding. Mirae Asset Securities USA Inc.’s holdings in Antero Resources were worth $2,881,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Pinnacle Bancorp Inc. acquired a new stake in shares of Antero Resources during the fourth quarter worth approximately $28,000. True Wealth Design LLC acquired a new stake in shares of Antero Resources during the 3rd quarter valued at $30,000. Spire Wealth Management acquired a new stake in shares of Antero Resources during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Antero Resources by 205.2% during 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 acquiring an additional 913 shares in the last quarter. Finally, UMB Bank n.a. increased its stake 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 acquiring an additional 523 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on AR shares. Williams Trading set a $48.00 target price on Antero Resources in a research note on Wednesday, March 5th. Mizuho boosted their price target on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Truist Financial raised their price objective 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. Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.06.

Antero Resources Trading Down 0.7 %

Shares of AR stock opened at $40.70 on Monday. The firm has a market capitalization of $12.66 billion, a P/E ratio of 127.18 and a beta of 3.38. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $41.53. The firm’s fifty day simple moving average is $38.37 and its 200 day simple moving average is $33.10. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last issued its earnings results 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 return on equity of 0.74% and a net margin of 2.31%. As a group, sell-side analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Activity

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction dated 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 directly owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.70% of the company’s stock.

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.