Antero Midstream Sees Unusually Large Options Volume (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 35,555 put options on the company. This is an increase of approximately 2,865% compared to the average daily volume of 1,199 put options.

Insider Activity

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

Institutional Trading of Antero Midstream

Several hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of Antero Midstream by 10.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock valued at $5,402,000 after purchasing an additional 34,222 shares during the last quarter. Van ECK Associates Corp raised its position in Antero Midstream by 98.6% in the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after purchasing an additional 86,001 shares during the period. Westwood Holdings Group Inc. lifted its stake in Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its position in shares of Antero Midstream by 23.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock valued at $6,738,000 after buying an additional 85,416 shares during the period. Finally, Quest Partners LLC boosted its holdings in Antero Midstream by 887.4% during the 2nd quarter. Quest Partners LLC now owns 113,154 shares of the pipeline company’s stock valued at $1,668,000 after acquiring an additional 101,694 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AM shares. Morgan Stanley raised their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a research note on Wednesday.

Antero Midstream Trading Up 2.2 %

Shares of Antero Midstream stock opened at $14.53 on Friday. Antero Midstream has a twelve month low of $11.58 and a twelve month high of $16.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The business has a 50-day moving average price of $15.20 and a 200-day moving average price of $14.85. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 17.94 and a beta of 2.39.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.