XTX Topco Ltd Raises Position in Antero Resources Co. (NYSE:AR)

XTX Topco Ltd increased its position in shares of Antero Resources Co. (NYSE:AR) by 310.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,605 shares of the oil and natural gas company’s stock after purchasing an additional 48,866 shares during the period. XTX Topco Ltd’s holdings in Antero Resources were worth $2,108,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AR. Allspring Global Investments Holdings LLC boosted its position in shares of Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 892 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Antero Resources in the first quarter valued at about $37,000. Lindbrook Capital LLC boosted its holdings in Antero Resources by 35.1% during the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock worth $58,000 after buying an additional 519 shares in the last quarter. Quadrant Capital Group LLC grew its position in 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 worth $62,000 after buying an additional 602 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Antero Resources by 27.8% in 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 buying an additional 655 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group decreased their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Mizuho decreased their target price on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company lowered their target price on Antero Resources from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, August 14th. Morgan Stanley cut their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Citigroup initiated coverage on shares of Antero Resources in a research report on Tuesday. They issued a “neutral” rating and a $29.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.13.

Antero Resources Stock Up 2.3 %

Shares of NYSE AR opened at $27.25 on Friday. The firm’s 50 day moving average price is $27.77 and its 200 day moving average price is $30.17. 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 firm has a market cap of $8.47 billion, a P/E ratio of 136.25 and a beta of 3.33. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28.

Antero Resources (NYSE:AR) last posted its quarterly earnings data 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 business had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. As a group, sell-side analysts anticipate that Antero Resources Co. will post 0.34 earnings per share for the current year.

About Antero Resources

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.