Antero Resources Co. (NYSE:AR) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Antero Resources Co. (NYSE:AR) by 1,423.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,544 shares of the oil and natural gas company’s stock after purchasing an additional 7,983 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Antero Resources were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in Antero Resources by 83.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after acquiring an additional 12,062 shares during the period. Geode Capital Management LLC lifted its holdings in Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after purchasing an additional 61,490 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after purchasing an additional 122,815 shares during the period. Capital CS Group LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth about $615,000. Finally, Franklin Resources Inc. raised its position in shares of Antero Resources by 40.6% during the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after purchasing an additional 218,517 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $37.36 on Wednesday. The firm has a market cap of $11.63 billion, a PE ratio of 116.75 and a beta of 3.33. 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 Co. has a 52 week low of $24.53 and a 52 week high of $41.53. The business’s fifty day simple moving average is $37.42 and its 200-day simple moving average is $31.84.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Truist Financial lifted their price target on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. UBS Group boosted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Citigroup raised their price objective on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $39.44.

Antero Resources 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.