Victory Capital Management Inc. Increases Stake in Antero Resources Co. (NYSE:AR)

Victory Capital Management Inc. lifted its stake in Antero Resources Co. (NYSE:AR) by 17.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 863,161 shares of the oil and natural gas company’s stock after purchasing an additional 125,471 shares during the quarter. Victory Capital Management Inc.’s holdings in Antero Resources were worth $30,254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Antero Resources by 1.7% in the 4th 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 during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Antero Resources in the 4th quarter valued at approximately $76,000. Norden Group LLC purchased a new position in Antero Resources during the 4th quarter worth approximately $262,000. Fielder Capital Group LLC purchased a new position in Antero Resources during the 4th quarter worth approximately $4,333,000. Finally, Parkside Financial Bank & Trust raised its position in Antero Resources by 1,387.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,692 shares of the oil and natural gas company’s stock worth $94,000 after buying an additional 2,511 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares of the company’s stock, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.70% of the stock is owned by corporate insiders.

Antero Resources Price Performance

Antero Resources stock opened at $33.67 on Monday. The company’s fifty day moving average price is $37.99 and its 200 day moving average price is $32.28. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $41.53. The stock has a market capitalization of $10.48 billion, a P/E ratio of 105.23 and a beta of 3.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.

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 (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%. As a group, equities research analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Truist Financial raised their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Mizuho raised their price target 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. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Thursday, February 13th. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. One 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.44.

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.