PNC Financial Services Group Inc. Reduces Position in Antero Resources Co. (NYSE:AR)

PNC Financial Services Group Inc. trimmed its position in Antero Resources Co. (NYSE:AR) by 40.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,209 shares of the oil and natural gas company’s stock after selling 6,916 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Antero Resources were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in shares of Antero Resources by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after buying an additional 300 shares during the last quarter. Caprock Group LLC increased its position in Antero Resources by 0.6% during the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock valued at $2,047,000 after purchasing an additional 374 shares during the period. Global Retirement Partners LLC raised its holdings in Antero Resources by 7.8% in the 4th quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company’s stock worth $187,000 after purchasing an additional 386 shares in the last quarter. GAMMA Investing LLC raised its holdings in Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after purchasing an additional 418 shares in the last quarter. Finally, Icon Wealth Advisors LLC lifted its position in shares of Antero Resources by 5.8% in the 3rd quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock worth $242,000 after purchasing an additional 460 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Raymond James increased their target price on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Williams Trading set a $48.00 price target on Antero Resources in a research note on Wednesday, March 5th. Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, Citigroup upped their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.06.

Antero Resources Price Performance

Shares of NYSE AR opened at $40.96 on Friday. The firm has a market cap of $12.75 billion, a P/E ratio of 128.00 and a beta of 3.38. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $41.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $38.33 and a 200 day moving average of $32.89.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, research analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.70% of the company’s stock.

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.