Antero Midstream Target of Unusually Large Options Trading (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the recipient of some unusual options trading activity on Friday. Investors acquired 31,036 put options on the stock. This is an increase of approximately 1,845% compared to the typical daily volume of 1,596 put options.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds have recently added to or reduced their stakes in AM. Ashton Thomas Securities LLC acquired a new position in shares of Antero Midstream during the 3rd quarter worth $38,000. Blue Trust Inc. boosted its holdings in Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,857 shares in the last quarter. Brooklyn Investment Group acquired a new position in Antero Midstream during the third quarter worth about $48,000. Abich Financial Wealth Management LLC purchased a new position in Antero Midstream in the second quarter valued at about $55,000. Finally, GAMMA Investing LLC lifted its position in shares of Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 1,962 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.5 %

NYSE AM opened at $15.56 on Friday. Antero Midstream has a one year low of $11.58 and a one year high of $16.00. The firm has a market cap of $7.49 billion, a PE ratio of 19.21 and a beta of 2.39. The firm’s fifty day moving average is $15.20 and its two-hundred day moving average is $14.90. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.78%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AM. Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a research report on Wednesday, December 18th. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

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.