Mutual of America Capital Management LLC Sells 1,056 Shares of Antero Resources Co. (NYSE:AR)

Mutual of America Capital Management LLC lowered its holdings in Antero Resources Co. (NYSE:AR) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,271 shares of the oil and natural gas company’s stock after selling 1,056 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Antero Resources worth $5,458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quadrant Capital Group LLC raised its holdings 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 acquiring an additional 602 shares during the period. US Bancorp DE lifted its holdings in Antero Resources by 942.9% during the 4th quarter. US Bancorp DE now owns 35,937 shares of the oil and natural gas company’s stock worth $815,000 after purchasing an additional 32,491 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Antero Resources by 544.3% in the 4th quarter. Hsbc Holdings PLC now owns 156,110 shares of the oil and natural gas company’s stock worth $3,557,000 after purchasing an additional 131,882 shares during the period. United Services Automobile Association boosted its stake in Antero Resources by 15.3% in the 4th quarter. United Services Automobile Association now owns 22,832 shares of the oil and natural gas company’s stock worth $518,000 after purchasing an additional 3,023 shares during the period. Finally, IPG Investment Advisors LLC bought a new stake in shares of Antero Resources during the fourth quarter valued at about $227,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 0.7 %

Shares of NYSE:AR opened at $27.43 on Friday. The stock has a market capitalization of $8.53 billion, a P/E ratio of 137.15 and a beta of 3.33. The stock’s 50-day moving average price is $27.67 and its 200-day moving average price is $30.15. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources Co. has a 12-month low of $20.10 and a 12-month 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) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $980.20 million. On average, equities analysts anticipate that Antero Resources Co. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other 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 completion of the transaction, the insider now directly 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 SEC, which is accessible through this hyperlink. 6.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AR has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Scotiabank upgraded Antero Resources from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Roth Capital upgraded Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Jefferies Financial Group raised their price target on Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, Roth Mkm assumed coverage on Antero Resources in a report on Tuesday, August 27th. They set a “buy” rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have assigned 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 target price 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.