Antero Midstream Target of Unusually Large Options Trading (NYSE:AM)

Antero Midstream Co. (NYSE:AM) saw some unusual options trading on Friday. Traders bought 31,036 put options on the company. This represents an increase of approximately 1,845% compared to the average volume of 1,596 put options.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds have recently added to or reduced their stakes in AM. Advisors Asset Management Inc. boosted its position in shares of Antero Midstream by 10.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after purchasing an additional 34,222 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after buying an additional 86,001 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Antero Midstream by 5.8% during the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after buying an additional 184,911 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in Antero Midstream by 23.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock valued at $6,738,000 after buying an additional 85,416 shares in the last quarter. Finally, Quest Partners LLC lifted its position in shares of Antero Midstream by 887.4% during the 2nd quarter. Quest Partners LLC now owns 113,154 shares of the pipeline company’s stock valued at $1,668,000 after acquiring an additional 101,694 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of AM opened at $15.56 on Friday. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 19.21 and a beta of 2.39. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.00. The firm has a 50-day simple moving average of $15.20 and a 200-day simple moving average of $14.90. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.78%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AM. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, December 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Monday, December 30th.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.