Larson Financial Group LLC Has $289,000 Stock Position in Antero Resources Co. (NYSE:AR)

Larson Financial Group LLC cut its holdings in Antero Resources Co. (NYSE:AR) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,845 shares of the oil and natural gas company’s stock after selling 672 shares during the quarter. Larson Financial Group LLC’s holdings in Antero Resources were worth $289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 892 shares in the last quarter. Mather Group LLC. acquired a new position in Antero Resources in the 1st quarter worth about $37,000. Lindbrook Capital LLC raised its position in Antero Resources by 35.1% in the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after purchasing an additional 519 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Antero Resources by 28.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after purchasing an additional 602 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AR. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. The Goldman Sachs Group dropped their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday. Roth Mkm started coverage on shares of Antero Resources in a research note on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price objective on the stock. Wolfe Research began coverage on Antero Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Jefferies Financial Group upped their price target on Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.29.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the sale, the insider now owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is owned by company insiders.

Antero Resources Stock Performance

Shares of AR stock opened at $25.46 on Friday. The firm has a 50 day moving average of $28.81 and a 200-day moving average of $30.09. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 127.28 and a beta of 3.40. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. 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, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The company had revenue of $978.65 million during the quarter, compared to analyst estimates of $980.20 million. On average, equities analysts forecast that Antero Resources Co. will post 0.34 earnings per share for the current year.

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.