American International Group Inc. Sells 16,211 Shares of Antero Resources Co. (NYSE:AR)

American International Group Inc. cut its stake in shares of Antero Resources Co. (NYSE:AR) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 381,611 shares of the oil and natural gas company’s stock after selling 16,211 shares during the quarter. American International Group Inc. owned 0.13% of Antero Resources worth $8,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Antero Resources by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,520,782 shares of the oil and natural gas company’s stock worth $698,477,000 after acquiring an additional 113,864 shares during the last quarter. Wellington Management Group LLP grew its holdings in Antero Resources by 55.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock worth $200,036,000 after acquiring an additional 2,814,127 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Antero Resources by 28.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after acquiring an additional 1,253,510 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in Antero Resources by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after acquiring an additional 285,485 shares during the last quarter. Finally, Palo Duro Investment Partners LP grew its holdings in Antero Resources by 10.5% during the 4th quarter. Palo Duro Investment Partners LP now owns 2,966,734 shares of the oil and natural gas company’s stock worth $67,286,000 after acquiring an additional 281,508 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Antero Resources news, insider Michael N. Kennedy sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the transaction, the insider now owns 1,032,251 shares in the company, valued at $34,807,503.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Michael N. Kennedy sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total value of $1,686,000.00. Following the completion of the sale, the insider now owns 1,032,251 shares in the company, valued at approximately $34,807,503.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Howard Keenan, Jr. sold 100,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total transaction of $3,453,000.00. Following the completion of the sale, the director now owns 2,900,000 shares of the company’s stock, valued at approximately $100,137,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 476,377 shares of company stock worth $16,326,084. Insiders own 6.70% of the company’s stock.

Antero Resources Stock Performance

AR opened at $32.80 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $33.19 and its two-hundred day moving average price is $27.35. Antero Resources Co. has a 1-year low of $20.10 and a 1-year high of $36.28. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 164.00 and a beta of 3.28.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts expect that Antero Resources Co. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Wells Fargo & Company boosted their price target on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Mizuho boosted their price target on shares of Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Barclays assumed coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.00.

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.