17,012 Shares in Antero Resources Corporation $AR Purchased by Diversified Trust Co

by · The Markets Daily

Diversified Trust Co bought a new stake in shares of Antero Resources Corporation (NYSE:AR – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,012 shares of the oil and natural gas company’s stock, valued at approximately $722,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Annandale Capital LLC lifted its position in shares of Antero Resources by 0.4% in the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Antero Resources by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after purchasing an additional 301 shares during the period. Brooklyn Investment Group grew its position in Antero Resources by 2.0% during the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after purchasing an additional 305 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Antero Resources by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock valued at $293,000 after purchasing an additional 343 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

AR has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a research note on Friday, May 1st. Weiss Ratings lowered Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Finally, Truist Financial started coverage on Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.19.

Check Out Our Latest Research Report on Antero Resources

Insider Buying and Selling at Antero Resources

In other news, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the sale, the insider directly owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.10% of the company’s stock.

Antero Resources Price Performance

Shares of AR opened at $34.72 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $10.76 billion, a PE ratio of 11.27 and a beta of 0.33. The firm’s 50 day moving average price is $36.41 and its 200 day moving average price is $36.39. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75.

About Antero Resources

(Free Report)

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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