S&CO Inc. Has $9.94 Million Position in Antero Resources Co. (NYSE:AR)

S&CO Inc. boosted its holdings in Antero Resources Co. (NYSE:AR) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 283,583 shares of the oil and natural gas company’s stock after buying an additional 5,355 shares during the period. S&CO Inc. owned approximately 0.09% of Antero Resources worth $9,939,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources in the fourth quarter worth $28,000. True Wealth Design LLC acquired a new stake in Antero Resources in the third quarter worth $30,000. Spire Wealth Management acquired a new stake in Antero Resources in the fourth quarter worth $31,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources in the third quarter worth $45,000. Finally, Wilmington Savings Fund Society FSB raised its holdings in Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after purchasing an additional 913 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Up 3.2 %

Antero Resources stock opened at $34.73 on Tuesday. The company has a market cap of $10.81 billion, a P/E ratio of 108.53 and a beta of 3.38. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $41.53. The company has a fifty day simple moving average of $37.99 and a 200 day simple moving average of $32.28. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AR shares. Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. The Goldman Sachs Group increased their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, Truist Financial increased their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.94.

Insider Activity

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

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.