53,227 Shares in Antero Resources Co. (NYSE:AR) Purchased by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp acquired a new position in Antero Resources Co. (NYSE:AR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 53,227 shares of the oil and natural gas company’s stock, valued at approximately $1,544,000.

Several other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after purchasing an additional 664 shares in the last quarter. Mather Group LLC. purchased a new position in Antero Resources in the 1st quarter worth approximately $37,000. Planned Solutions Inc. purchased a new position in Antero Resources in the 4th quarter worth approximately $45,000. Itau Unibanco Holding S.A. purchased a new position in Antero Resources in the 3rd quarter worth approximately $47,000. Finally, Quadrant Capital Group LLC lifted its stake in Antero Resources by 28.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after purchasing an additional 602 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

NYSE:AR opened at $32.43 on Friday. The company has a fifty day simple moving average of $33.29 and a two-hundred day simple moving average of $27.48. The company has a market cap of $10.08 billion, a price-to-earnings ratio of 162.15 and a beta of 3.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter. The business 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%. As a group, equities analysts anticipate that Antero Resources Co. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AR has been the topic of a number of research reports. Scotiabank raised their target price on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday, April 26th. Truist Financial reduced their price target on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Finally, Barclays began coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.00.

Insiders Place Their Bets

In other Antero Resources news, insider Sheri Pearce sold 16,377 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $35.50, for a total value of $581,383.50. Following the completion of the transaction, the insider now owns 77,460 shares in the company, valued at $2,749,830. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the transaction, the director now owns 69,963 shares in the company, valued at $2,355,654.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sheri Pearce sold 16,377 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the transaction, the insider now owns 77,460 shares of the company’s stock, valued at approximately $2,749,830. The disclosure for this sale can be found here. Insiders sold a total of 476,377 shares of company stock worth $16,326,084 over the last 90 days. Corporate 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.