Blue Trust Inc. Sells 2,648 Shares of Antero Resources Co. (NYSE:AR)

Blue Trust Inc. lowered its stake in shares of Antero Resources Co. (NYSE:AR) by 55.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,147 shares of the oil and natural gas company’s stock after selling 2,648 shares during the period. Blue Trust Inc.’s holdings in Antero Resources were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in Antero Resources during the fourth quarter worth about $28,000. Spire Wealth Management bought a new position in Antero Resources during the fourth quarter worth about $31,000. True Wealth Design LLC bought a new position in Antero Resources during the third quarter worth about $30,000. Wilmington Savings Fund Society FSB boosted its holdings in Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after buying an additional 913 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after buying an additional 523 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AR. Barclays raised their target price on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group raised their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Citigroup raised their price target on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Raymond James raised their price target on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.44.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Stock Down 3.4 %

NYSE:AR opened at $38.18 on Monday. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 119.30 and a beta of 3.33. Antero Resources Co. has a twelve month low of $24.43 and a twelve month high of $41.53. The stock’s 50 day moving average price is $37.17 and its two-hundred day moving average price is $31.68. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Equities research analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

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.