Federated Hermes Inc. Has $783,000 Stake in Antero Resources Co. (NYSE:AR)

Federated Hermes Inc. cut its stake in shares of Antero Resources Co. (NYSE:AR) by 25.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,524 shares of the oil and natural gas company’s stock after selling 11,685 shares during the quarter. Federated Hermes Inc.’s holdings in Antero Resources were worth $783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mraz Amerine & Associates Inc. raised its position in shares of Antero Resources by 8.5% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 128,049 shares of the oil and natural gas company’s stock worth $2,904,000 after acquiring an additional 9,988 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Antero Resources by 6.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,704 shares of the oil and natural gas company’s stock valued at $1,377,000 after buying an additional 3,828 shares in the last quarter. Strs Ohio bought a new stake in Antero Resources in the 4th quarter valued at about $3,328,000. Vontobel Holding Ltd. increased its position in Antero Resources by 283.1% in the 4th quarter. Vontobel Holding Ltd. now owns 44,338 shares of the oil and natural gas company’s stock valued at $1,006,000 after buying an additional 32,764 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Antero Resources in the 4th quarter valued at about $1,799,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company boosted their target price on Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday. Scotiabank boosted their target price on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Truist Financial decreased their price objective on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Finally, Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources presently has an average rating of “Hold” and a consensus price target of $32.08.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the sale, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the sale, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 477,280 shares of company stock worth $12,490,305. 5.95% of the stock is owned by insiders.

Antero Resources Price Performance

Shares of NYSE AR opened at $32.65 on Friday. Antero Resources Co. has a fifty-two week low of $19.91 and a fifty-two week high of $34.69. The company has a 50 day simple moving average of $28.41 and a two-hundred day simple moving average of $25.60. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 163.25 and a beta of 3.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

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, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Analysts expect that Antero Resources Co. will post 0.33 EPS for the current fiscal 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.