Charles Schwab Investment Management Inc. Acquires 32,220 Shares of Antero Resources Co. (NYSE:AR)

Charles Schwab Investment Management Inc. increased its holdings in shares of Antero Resources Co. (NYSE:AR) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,961,644 shares of the oil and natural gas company’s stock after purchasing an additional 32,220 shares during the period. Charles Schwab Investment Management Inc. owned 0.63% of Antero Resources worth $68,756,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its holdings in Antero Resources by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after purchasing an additional 300 shares during the period. Caprock Group LLC boosted its holdings in shares of Antero Resources by 0.6% during the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock worth $2,047,000 after acquiring an additional 374 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Antero Resources by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company’s stock worth $187,000 after acquiring an additional 386 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after acquiring an additional 418 shares during the period. Finally, Icon Wealth Advisors LLC boosted its holdings in shares of Antero Resources by 5.8% during the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock worth $242,000 after acquiring an additional 460 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 3.3 %

Shares of NYSE:AR opened at $35.83 on Wednesday. The company has a fifty day moving average of $37.99 and a 200-day moving average of $32.40. The company has a market capitalization of $11.15 billion, a PE ratio of 111.98 and a beta of 3.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $41.53.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

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 shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares of the company’s stock, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AR shares. The Goldman Sachs Group boosted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Williams Trading set a $48.00 price objective on Antero Resources in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Finally, Truist Financial lifted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.94.

About Antero Resources

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.