Vaughan Nelson Investment Management L.P. Raises Holdings in Antero Resources Co. (NYSE:AR)

Vaughan Nelson Investment Management L.P. increased its holdings in Antero Resources Co. (NYSE:AR) by 47.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,073,905 shares of the oil and natural gas company’s stock after acquiring an additional 343,905 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.35% of Antero Resources worth $31,144,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Antero Resources by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock worth $628,104,000 after purchasing an additional 173,378 shares in the last quarter. Wellington Management Group LLP lifted its stake in Antero Resources by 33.7% during the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after purchasing an additional 2,655,604 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Antero Resources by 28.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after purchasing an additional 1,253,510 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in Antero Resources by 9.3% during the fourth quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after purchasing an additional 285,485 shares in the last quarter. Finally, Palo Duro Investment Partners LP lifted its stake in Antero Resources by 10.5% during the fourth quarter. Palo Duro Investment Partners LP now owns 2,966,734 shares of the oil and natural gas company’s stock worth $67,286,000 after purchasing an additional 281,508 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Antero Resources

In other news, insider Michael N. Kennedy sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the sale, the insider now owns 1,032,251 shares of the company’s stock, valued at approximately $34,807,503.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the sale, the director now owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael N. Kennedy sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total value of $1,686,000.00. Following the completion of the sale, the insider now directly owns 1,032,251 shares in the company, valued at approximately $34,807,503.72. The disclosure for this sale can be found here. Insiders have sold 476,377 shares of company stock valued at $16,326,084 in the last quarter. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Price Performance

Shares of NYSE:AR opened at $32.87 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $10.22 billion, a P/E ratio of 164.35 and a beta of 3.40. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. The company has a 50-day moving average price of $33.75 and a 200 day moving average price of $28.10.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Research analysts predict that Antero Resources Co. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Truist Financial reduced their price objective on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. JPMorgan Chase & Co. increased their price objective on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Finally, Barclays began coverage on Antero Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $33.50.

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.