Amalgamated Bank Sells 44,613 Shares of Antero Resources Co. (NYSE:AR)

Amalgamated Bank reduced its position in Antero Resources Co. (NYSE:AR) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,555 shares of the oil and natural gas company’s stock after selling 44,613 shares during the quarter. Amalgamated Bank’s holdings in Antero Resources were worth $4,815,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Antero Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock valued at $813,932,000 after acquiring an additional 372,450 shares in the last quarter. Wellington Management Group LLP grew its stake in Antero Resources by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after purchasing an additional 2,655,604 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Antero Resources by 11.6% during the first quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock valued at $256,380,000 after buying an additional 917,338 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Antero Resources by 269.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after buying an additional 2,893,395 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Antero Resources by 9.3% in the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after buying an additional 285,485 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AR has been the subject of several recent analyst reports. Wolfe Research upgraded shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Wednesday, September 11th. Citigroup assumed coverage on Antero Resources in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price objective for the company. Morgan Stanley dropped their target price on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Mizuho decreased their price target on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Finally, Roth Mkm assumed coverage on Antero Resources in a research note on Tuesday, August 27th. They set a “buy” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $33.13.

Antero Resources Trading Up 0.7 %

Shares of Antero Resources stock opened at $27.44 on Friday. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $8.53 billion, a PE ratio of 137.20 and a beta of 3.33. The firm has a fifty day moving average price of $27.57 and a 200 day moving average price of $30.18.

Antero Resources (NYSE:AR) last issued 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 company had revenue of $978.65 million during the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. Equities research analysts predict that Antero Resources Co. will post 0.34 earnings per share for the current year.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.70% of the company’s stock.

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.