CIBC Private Wealth Group LLC Boosts Stock Position in Antero Resources Co. (NYSE:AR)

CIBC Private Wealth Group LLC increased its holdings in Antero Resources Co. (NYSE:AR) by 46.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 366,618 shares of the oil and natural gas company’s stock after purchasing an additional 116,362 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.12% of Antero Resources worth $13,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AR. Pinnacle Bancorp Inc. bought a new stake in Antero Resources during the 4th quarter valued at approximately $28,000. True Wealth Design LLC bought a new stake in shares of Antero Resources during the third quarter valued at approximately $30,000. Spire Wealth Management purchased a new stake in Antero Resources in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB raised its holdings in 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 in the last quarter. Finally, UMB Bank n.a. lifted its position 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 valued at $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.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AR. 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. JPMorgan Chase & Co. increased 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. Barclays boosted their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Williams Trading set a $48.00 target price on Antero Resources in a research note on Wednesday, March 5th. Finally, UBS Group boosted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. One equities 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. Based on data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $42.24.

Antero Resources Stock Performance

Shares of AR opened at $40.50 on Tuesday. The business has a 50-day simple moving average of $38.47 and a two-hundred day simple moving average of $33.72. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 126.55 and a beta of 3.38. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 expect that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.70% of the stock is owned by corporate insiders.

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.