KGH Ltd Has $114.88 Million Stake in Antero Resources Co. (NYSE:AR)

KGH Ltd decreased its holdings in Antero Resources Co. (NYSE:AR) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,520,822 shares of the oil and natural gas company’s stock after selling 460,154 shares during the quarter. Antero Resources makes up about 6.7% of KGH Ltd’s investment portfolio, making the stock its 7th largest position. KGH Ltd owned approximately 1.13% of Antero Resources worth $114,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Antero Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock valued at $813,932,000 after purchasing an additional 372,450 shares during the period. Wellington Management Group LLP raised its position in shares of Antero Resources by 33.7% during 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 acquiring an additional 2,655,604 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Antero Resources by 269.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after acquiring an additional 2,893,395 shares during the last quarter. Palo Duro Investment Partners LP boosted its position in shares of Antero Resources by 10.5% in 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 purchasing an additional 281,508 shares during the last quarter. Finally, Merewether Investment Management LP increased its holdings in Antero Resources by 4.6% in the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after purchasing an additional 128,200 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AR shares. Truist Financial lowered their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Monday. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Mizuho dropped their price objective on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.19.

Antero Resources Stock Performance

Shares of AR opened at $28.66 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50-day moving average of $27.30 and a 200-day moving average of $30.29. The company has a market cap of $8.91 billion, a PE ratio of 143.28 and a beta of 3.33. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The business had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. As a group, equities analysts forecast that Antero Resources Co. will post 0.02 earnings per share for the current year.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the transaction, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.70% of the stock is owned by insiders.

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.