Deltec Asset Management LLC Lowers Stake in Antero Resources Co. (NYSE:AR)

Deltec Asset Management LLC decreased its position in Antero Resources Co. (NYSE:AR) by 64.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,265 shares of the oil and natural gas company’s stock after selling 293,677 shares during the quarter. Antero Resources accounts for approximately 0.9% of Deltec Asset Management LLC’s portfolio, making the stock its 29th largest position. Deltec Asset Management LLC owned about 0.05% of Antero Resources worth $4,735,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after acquiring an additional 664 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Antero Resources in the 1st quarter valued at about $37,000. Planned Solutions Inc. acquired a new position in shares of Antero Resources during the fourth quarter worth about $45,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Antero Resources during the third quarter worth approximately $47,000. Finally, Quadrant Capital Group LLC raised its holdings in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 602 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on AR shares. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday, April 26th. Wells Fargo & Company raised their price target on Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Truist Financial lowered their price objective on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. raised their target price on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Finally, Scotiabank upped their price target on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.00.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the transaction, the director now directly owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $35.50, for a total value of $581,383.50. Following the sale, the insider now directly owns 77,460 shares in the company, valued at $2,749,830. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the transaction, the director now directly owns 69,963 shares in the company, valued at approximately $2,355,654.21. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 476,377 shares of company stock worth $16,326,084. 6.70% of the stock is currently owned by insiders.

Antero Resources Stock Performance

NYSE:AR traded up $0.01 during trading hours on Friday, reaching $32.63. 4,492,346 shares of the company’s stock were exchanged, compared to its average volume of 3,111,392. Antero Resources Co. has a 1-year low of $20.10 and a 1-year high of $36.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 163.15 and a beta of 3.28. The company has a 50-day moving average of $33.68 and a 200 day moving average of $27.90.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Research analysts anticipate that Antero Resources Co. will post 0.36 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.