Traders Purchase Large Volume of Antero Midstream Call Options (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 7,677 call options on the stock. This represents an increase of approximately 274% compared to the typical volume of 2,055 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AM shares. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research report on Wednesday, December 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

Antero Midstream Stock Performance

AM stock opened at $16.13 on Thursday. The company has a market capitalization of $7.76 billion, a P/E ratio of 19.91 and a beta of 2.34. The company has a 50-day simple moving average of $15.34 and a 200 day simple moving average of $14.95. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.35. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.58%. The ex-dividend date is Wednesday, January 29th. Antero Midstream’s payout ratio is currently 111.11%.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in Antero Midstream in the third quarter worth about $38,000. Financial Management Professionals Inc. lifted its holdings in Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the last quarter. Blue Trust Inc. lifted its holdings in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after acquiring an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Antero Midstream in the 3rd quarter valued at about $48,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Antero Midstream in the 2nd quarter valued at about $55,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

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.