Vontobel Holding Ltd. Reduces Stock Holdings in Antero Resources Co. (NYSE:AR)

Vontobel Holding Ltd. cut its holdings in Antero Resources Co. (NYSE:AR) by 16.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,215 shares of the oil and natural gas company’s stock after selling 4,364 shares during the quarter. Vontobel Holding Ltd.’s holdings in Antero Resources were worth $636,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 686 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Antero Resources by 1,311.8% in 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 acquiring an additional 892 shares during the last quarter. Mather Group LLC. acquired a new stake in Antero Resources during the 1st quarter worth about $37,000. Mattson Financial Services LLC purchased a new stake in Antero Resources during the 2nd quarter valued at about $64,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake 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 purchasing an additional 343 shares during 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 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 owns 248,363 shares in the company, valued at $6,268,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.70% of the company’s stock.

Antero Resources Stock Up 0.1 %

Shares of AR opened at $26.86 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market cap of $8.35 billion, a P/E ratio of 134.28 and a beta of 3.33. The stock’s 50 day moving average is $27.50 and its two-hundred day moving average is $30.38. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28.

Antero Resources (NYSE:AR) last released 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 analysts’ consensus estimates 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%. Analysts predict that Antero Resources Co. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Jefferies Financial Group lifted their target price on Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. UBS Group began coverage on shares of Antero Resources in a research report on Wednesday, October 16th. They set a “neutral” rating and a $33.00 price target for the company. The Goldman Sachs Group dropped their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th. BMO Capital Markets raised their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.76.

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.