Arizona State Retirement System Increases Stock Position in Antero Resources Co. (NYSE:AR)

Arizona State Retirement System raised its stake in shares of Antero Resources Co. (NYSE:AR) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,747 shares of the oil and natural gas company’s stock after purchasing an additional 728 shares during the period. Arizona State Retirement System’s holdings in Antero Resources were worth $3,005,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in Antero Resources during the fourth quarter valued at approximately $968,000. M&T Bank Corp raised its holdings in shares of Antero Resources by 3.3% during the 4th quarter. M&T Bank Corp now owns 24,955 shares of the oil and natural gas company’s stock worth $875,000 after acquiring an additional 800 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Antero Resources by 17.0% during the 4th quarter. Victory Capital Management Inc. now owns 863,161 shares of the oil and natural gas company’s stock valued at $30,254,000 after acquiring an additional 125,471 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Antero Resources by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,961,644 shares of the oil and natural gas company’s stock valued at $68,756,000 after purchasing an additional 32,220 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Antero Resources in the fourth quarter worth $76,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Down 0.3 %

NYSE:AR opened at $33.67 on Monday. The stock 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. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 105.23 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.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share 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%. Analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on AR. The Goldman Sachs Group increased their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Barclays boosted their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.44.

Insider Activity

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 transaction of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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.