Mather Group LLC. Makes New Investment in Antero Resources Co. (NYSE:AR)

Mather Group LLC. purchased a new position in shares of Antero Resources Co. (NYSE:AR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,271 shares of the oil and natural gas company’s stock, valued at approximately $37,000.

Several other large investors have also recently made changes to their positions in the business. Lindbrook Capital LLC grew its holdings in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after purchasing an additional 664 shares during the last quarter. Planned Solutions Inc. bought a new stake in Antero Resources in the fourth quarter valued at $45,000. Itau Unibanco Holding S.A. bought a new stake in Antero Resources in the third quarter valued at $47,000. Quadrant Capital Group LLC boosted its holdings in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 602 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at $74,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AR shares. JPMorgan Chase & Co. boosted their target price on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Truist Financial dropped their price target on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. The Goldman Sachs Group upped their price target on shares of Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Friday, April 26th. Finally, Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Antero Resources presently has a consensus rating of “Hold” and a consensus target price of $33.00.

Insider Buying and Selling at Antero Resources

In related news, Director Robert J. Clark sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the transaction, the director now directly owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Sheri Pearce sold 16,377 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $35.50, for a total value of $581,383.50. Following the completion of the transaction, the insider now directly owns 77,460 shares of the company’s stock, valued at $2,749,830. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert J. Clark sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the sale, the director now owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The disclosure for this sale can be found here. Insiders sold a total of 476,377 shares of company stock valued at $16,326,084 in the last three months. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Trading Up 3.2 %

Antero Resources stock opened at $33.48 on Tuesday. The firm has a 50 day moving average of $33.38 and a 200 day moving average of $27.61. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 167.40 and a beta of 3.28. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. As a group, research analysts predict that Antero Resources Co. will post 0.36 earnings per share for the current 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.