Vontobel Holding Ltd. Decreases Stake in Antero Resources Co. (NYSE:AR)

Vontobel Holding Ltd. lessened its holdings in shares of Antero Resources Co. (NYSE:AR) by 16.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,215 shares of the oil and natural gas company’s stock after selling 4,364 shares during the period. Vontobel Holding Ltd.’s holdings in Antero Resources were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AR. Creative Planning grew its holdings in Antero Resources by 8.6% in the 3rd quarter. Creative Planning now owns 22,869 shares of the oil and natural gas company’s stock valued at $655,000 after buying an additional 1,813 shares in the last quarter. Viking Fund Management LLC boosted its position in shares of Antero Resources by 66.7% during the 3rd quarter. Viking Fund Management LLC now owns 100,000 shares of the oil and natural gas company’s stock valued at $2,865,000 after acquiring an additional 40,000 shares during the last quarter. Chickasaw Capital Management LLC grew its holdings in shares of Antero Resources by 5.5% in the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock valued at $273,000 after purchasing an additional 500 shares during the period. UMB Bank n.a. increased its position in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 686 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in Antero Resources by 4.2% during the third quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock worth $505,000 after purchasing an additional 681 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the sale, the insider now owns 248,363 shares of the company’s stock, valued at $6,268,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Stock Performance

Shares of AR stock opened at $26.86 on Tuesday. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. The firm has a 50 day moving average of $27.50 and a two-hundred day moving average of $30.38. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $8.35 billion, a PE ratio of 134.28 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The company had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. On average, research analysts predict that Antero Resources Co. will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AR. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Barclays lowered their price objective on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Mizuho reduced their target price on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Jefferies Financial Group increased their price target on Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, UBS Group started coverage on shares of Antero Resources in a report on Wednesday, October 16th. They issued a “neutral” rating and a $33.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.76.

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.