Sei Investments Co. Has $4.53 Million Stock Position in Antero Resources Co. (NYSE:AR)

Sei Investments Co. raised its holdings in Antero Resources Co. (NYSE:AR) by 9.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 138,816 shares of the oil and natural gas company’s stock after buying an additional 12,332 shares during the quarter. Sei Investments Co.’s holdings in Antero Resources were worth $4,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Diversified Trust Co bought a new stake in shares of Antero Resources in the 2nd quarter worth approximately $1,154,000. MADDEN SECURITIES Corp lifted its position in shares of Antero Resources by 38.5% in the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock worth $4,351,000 after acquiring an additional 41,725 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Antero Resources in the 1st quarter worth approximately $1,544,000. GSA Capital Partners LLP bought a new stake in shares of Antero Resources in the 1st quarter worth approximately $1,022,000. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Antero Resources by 47.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,073,905 shares of the oil and natural gas company’s stock worth $31,144,000 after acquiring an additional 343,905 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AR. JPMorgan Chase & Co. reduced their price objective on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research report on Wednesday, September 11th. The Goldman Sachs Group cut their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Scotiabank upgraded 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 research report on Tuesday, August 20th. Finally, Wells Fargo & Company downgraded Antero Resources from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $34.00 to $25.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.63.

Antero Resources Trading Up 0.0 %

Shares of AR opened at $28.66 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The firm has a market capitalization of $8.91 billion, a PE ratio of 143.30 and a beta of 3.33. The stock’s fifty day simple moving average is $27.26 and its 200-day simple moving average is $30.31.

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

Insider Activity

In other news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is currently owned by 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.