Los Angeles Capital Management LLC Has $405,000 Stock Position in Antero Resources Co. (NYSE:AR)

Los Angeles Capital Management LLC reduced its position in shares of Antero Resources Co. (NYSE:AR) by 32.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,406 shares of the oil and natural gas company’s stock after selling 5,960 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Antero Resources were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of Antero Resources by 269.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after buying an additional 2,893,395 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Antero Resources by 33.7% in the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after purchasing an additional 2,655,604 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Antero Resources by 28.5% during the fourth 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 purchasing an additional 1,253,510 shares during the period. Natixis Advisors LLC increased its holdings in Antero Resources by 488.7% in the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock valued at $46,624,000 after purchasing an additional 1,186,163 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Antero Resources by 11.6% in the first quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock valued at $256,380,000 after buying an additional 917,338 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Roth Mkm began coverage on Antero Resources in a research report on Tuesday, August 27th. They set a “buy” rating and a $32.00 price target for the company. The Goldman Sachs Group decreased their target price on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Jefferies Financial Group lifted their price objective on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $33.40.

Antero Resources Trading Down 0.3 %

Shares of Antero Resources stock opened at $26.49 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50-day moving average of $28.12 and a 200-day moving average of $30.16. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The stock has a market cap of $8.24 billion, a PE ratio of 132.45 and a beta of 3.33.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The business had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. As a group, sell-side analysts forecast that Antero Resources Co. will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by company 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.