Mraz Amerine & Associates Inc. Increases Stock Holdings in Antero Resources Co. (NYSE:AR)

Mraz Amerine & Associates Inc. boosted its position in shares of Antero Resources Co. (NYSE:AR) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,049 shares of the oil and natural gas company’s stock after acquiring an additional 9,988 shares during the quarter. Antero Resources accounts for approximately 0.6% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 25th biggest position. Mraz Amerine & Associates Inc.’s holdings in Antero Resources were worth $2,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AR. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Antero Resources by 6.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,704 shares of the oil and natural gas company’s stock worth $1,377,000 after acquiring an additional 3,828 shares in the last quarter. Strs Ohio acquired a new position in Antero Resources during the fourth quarter worth approximately $3,328,000. Vontobel Holding Ltd. increased its position in Antero Resources by 283.1% during the fourth quarter. Vontobel Holding Ltd. now owns 44,338 shares of the oil and natural gas company’s stock worth $1,006,000 after buying an additional 32,764 shares during the period. Louisiana State Employees Retirement System acquired a new position in Antero Resources during the fourth quarter worth approximately $1,799,000. Finally, Oslo Asset Management AS increased its position in Antero Resources by 150.0% during the fourth quarter. Oslo Asset Management AS now owns 300,000 shares of the oil and natural gas company’s stock worth $6,804,000 after buying an additional 180,000 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock worth $12,153,605 in the last three months. 5.95% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Raymond James boosted their target price on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Mizuho lifted their price target on Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their price target on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Truist Financial decreased their price target on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Finally, Barclays assumed coverage on Antero Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.69.

Antero Resources Stock Performance

NYSE:AR traded up $0.04 during trading hours on Wednesday, reaching $29.16. 3,861,723 shares of the stock were exchanged, compared to its average volume of 4,793,455. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $26.56 and a 200-day simple moving average of $25.18. Antero Resources Co. has a 52 week low of $19.91 and a 52 week high of $30.90. The stock has a market capitalization of $8.85 billion, a P/E ratio of 37.87 and a beta of 3.30.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. As a group, sell-side analysts forecast that Antero Resources Co. will post 0.25 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.