California Public Employees Retirement System Decreases Holdings in Antero Resources Co. (NYSE:AR)

California Public Employees Retirement System trimmed its position in Antero Resources Co. (NYSE:AR) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 526,117 shares of the oil and natural gas company’s stock after selling 13,328 shares during the quarter. California Public Employees Retirement System owned 0.18% of Antero Resources worth $12,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AR. Belpointe Asset Management LLC increased its stake in shares of Antero Resources by 195.2% in the first quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock worth $36,000 after buying an additional 1,027 shares during the period. Tucker Asset Management LLC purchased a new position in shares of Antero Resources in the first quarter worth $40,000. CWM LLC increased its stake in shares of Antero Resources by 369.1% in the second quarter. CWM LLC now owns 2,233 shares of the oil and natural gas company’s stock worth $51,000 after buying an additional 1,757 shares during the period. FNY Investment Advisers LLC increased its stake in shares of Antero Resources by 50.0% in the second quarter. FNY Investment Advisers LLC now owns 3,000 shares of the oil and natural gas company’s stock worth $69,000 after buying an additional 1,000 shares during the period. Finally, US Bancorp DE increased its stake in shares of Antero Resources by 61.2% in the first quarter. US Bancorp DE now owns 3,342 shares of the oil and natural gas company’s stock worth $77,000 after buying an additional 1,269 shares during the period. 80.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Antero Resources news, insider Sheri Pearce sold 3,460 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $29.92, for a total value of $103,523.20. Following the completion of the transaction, the insider now owns 105,596 shares of the company’s stock, valued at approximately $3,159,432.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AR has been the topic of several recent analyst reports. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Wednesday, October 25th. Truist Financial lifted their price target on shares of Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a report on Monday, September 11th. Sanford C. Bernstein initiated coverage on shares of Antero Resources in a report on Tuesday, October 10th. They issued a “market perform” rating and a $29.00 price target on the stock. Mizuho cut their price target on shares of Antero Resources from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, September 18th. Finally, Benchmark cut their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Hold” and a consensus price target of $32.58.

Antero Resources Price Performance

AR opened at $25.22 on Tuesday. The stock has a 50-day moving average price of $26.80 and a 200-day moving average price of $25.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $7.58 billion, a PE ratio of 9.07 and a beta of 3.48. Antero Resources Co. has a 1 year low of $19.91 and a 1 year high of $38.70.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, October 25th. The oil and natural gas company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.10. Antero Resources had a return on equity of 5.74% and a net margin of 15.76%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Sell-side analysts predict that Antero Resources Co. will post 0.56 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 through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.