Corebridge Financial Inc. Trims Stake in Antero Resources Co. (NYSE:AR)

Corebridge Financial Inc. cut its stake in Antero Resources Co. (NYSE:AR) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 330,948 shares of the oil and natural gas company’s stock after selling 14,748 shares during the period. Corebridge Financial Inc.’s holdings in Antero Resources were worth $11,600,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources in the 4th quarter worth approximately $28,000. Spire Wealth Management purchased a new stake in Antero Resources in the fourth quarter worth $31,000. True Wealth Design LLC purchased a new stake in Antero Resources in the third quarter worth $30,000. 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 in the last quarter. Finally, UMB Bank n.a. lifted its position in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after buying an additional 523 shares during the period. 83.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated 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 owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AR shares. Mizuho upped their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Raymond James upped their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Wells Fargo & Company upped their price target on Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. Finally, StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.06.

Antero Resources Trading Up 0.6 %

Antero Resources stock opened at $41.46 on Wednesday. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.74. The business’s fifty day moving average is $38.49 and its 200 day moving average is $33.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $12.90 billion, a PE ratio of 129.57 and a beta of 3.38.

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 net margin of 2.31% and a return on equity of 0.74%. On average, sell-side analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

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.