Legal & General Group Plc Sells 69,745 Shares of Antero Resources Co. (NYSE:AR)

Legal & General Group Plc trimmed its position in shares of Antero Resources Co. (NYSE:AR) by 11.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 542,574 shares of the oil and natural gas company’s stock after selling 69,745 shares during the quarter. Legal & General Group Plc owned about 0.17% of Antero Resources worth $19,017,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new stake in Antero Resources in the 4th quarter worth about $28,000. Spire Wealth Management bought a new stake in shares of Antero Resources in the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after purchasing an additional 913 shares during the last quarter. 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 purchasing an additional 523 shares during the period. Finally, Transcendent Capital Group LLC purchased a new stake in Antero Resources in the fourth quarter worth approximately $56,000. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AR shares. UBS Group increased their price target on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Mizuho increased their target price on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Truist Financial boosted their price target on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. TD Cowen raised shares of Antero Resources from a “hold” rating to a “buy” rating and upped their price target for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $58.00 price objective on shares of Antero Resources in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.44.

Antero Resources Trading Up 0.1 %

Antero Resources stock opened at $33.14 on Tuesday. 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 firm’s 50 day moving average price is $37.63 and its 200-day moving average price is $34.32. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The stock has a market cap of $10.31 billion, a P/E ratio of 103.57 and a beta of 3.08.

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

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.70% of the stock is currently owned by company insiders.

About Antero Resources

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.