Wilmington Savings Fund Society FSB Acquires 913 Shares of Antero Resources Co. (NYSE:AR)

Wilmington Savings Fund Society FSB lifted its holdings in shares of Antero Resources Co. (NYSE:AR) by 205.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,358 shares of the oil and natural gas company’s stock after purchasing an additional 913 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Antero Resources were worth $48,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AR. Wellington Management Group LLP raised its holdings in Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after buying an additional 675,053 shares during the period. Geode Capital Management LLC increased its position in shares of 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 worth $139,054,000 after acquiring an additional 61,490 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after acquiring an additional 411,549 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Antero Resources by 4.8% in the 3rd 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 acquiring an additional 122,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Antero Resources by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock worth $55,278,000 after purchasing an additional 27,617 shares during the period. Institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial lifted their price target on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Citigroup lifted their target price on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.31.

Antero Resources Price Performance

Shares of NYSE AR opened at $40.13 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average price is $36.26 and its two-hundred day moving average price is $31.11. The company has a market cap of $12.49 billion, a PE ratio of 286.64 and a beta of 3.33. Antero Resources Co. has a twelve month low of $20.56 and a twelve month high of $41.53.

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, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. On average, analysts predict that Antero Resources Co. will post -0.11 EPS for the current year.

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.