Goehring & Rozencwajg Associates LLC Has $26.37 Million Stock Position in Antero Resources Co. (NYSE:AR)

Goehring & Rozencwajg Associates LLC lifted its holdings in Antero Resources Co. (NYSE:AR) by 11.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 808,284 shares of the oil and natural gas company’s stock after acquiring an additional 79,900 shares during the quarter. Antero Resources accounts for about 5.2% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 3rd biggest holding. Goehring & Rozencwajg Associates LLC owned approximately 0.26% of Antero Resources worth $26,374,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its holdings in Antero Resources by 11.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after buying an additional 343 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Antero Resources by 35.1% during the 1st quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after buying an additional 519 shares during the last quarter. Quadrant Capital Group LLC increased its position in Antero Resources by 28.0% during the 4th 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 during the period. Confluence Investment Management LLC increased its position in Antero Resources by 3.4% during the 2nd quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock valued at $604,000 after purchasing an additional 616 shares during the period. Finally, GAMMA Investing LLC increased its position in Antero Resources by 27.8% during the 2nd 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 during the period. 83.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares in the company, valued at approximately $6,268,682.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.70% of the company’s stock.

Antero Resources Stock Performance

Shares of AR stock opened at $26.65 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 133.25 and a beta of 3.33. The company’s 50-day moving average is $27.77 and its 200 day moving average is $30.17. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The company had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. Sell-side analysts expect that Antero Resources Co. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AR shares. Jefferies Financial Group boosted their price objective on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Citigroup started coverage on shares of Antero Resources in a research report on Tuesday. They set a “neutral” rating and a $29.00 price objective on the stock. Mizuho reduced their price objective on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday. Morgan Stanley reduced their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.13.

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.