Federated Hermes Inc. Lowers Holdings in Antero Resources Co. (NYSE:AR)

Federated Hermes Inc. lowered its holdings in Antero Resources Co. (NYSE:AR) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,637 shares of the oil and natural gas company’s stock after selling 698 shares during the quarter. Federated Hermes Inc.’s holdings in Antero Resources were worth $1,032,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 worth $813,932,000 after purchasing an additional 372,450 shares during the period. Wellington Management Group LLP boosted its position in shares of Antero Resources by 33.7% during the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after buying an additional 2,655,604 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Antero Resources by 11.6% in 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 in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Antero Resources by 269.4% in the 2nd 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 period. Finally, Eagle Asset Management Inc. lifted its stake in Antero Resources by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after acquiring an additional 285,485 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 0.7 %

AR stock opened at $27.44 on Friday. The stock has a market cap of $8.53 billion, a P/E ratio of 137.20 and a beta of 3.33. 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 twelve month low of $20.10 and a twelve month high of $36.28. The company’s 50 day moving average is $27.57 and its two-hundred day moving average is $30.18.

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

Wall Street Analysts Forecast Growth

AR has been the subject of several research reports. Citigroup initiated coverage on Antero Resources in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target for the company in a research report on Wednesday, September 11th. Wells Fargo & Company cut their price objective on Antero Resources from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 14th. Finally, The Goldman Sachs Group decreased their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.13.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 248,363 shares in the company, valued at approximately $6,268,682.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.

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.