Alaska Permanent Fund Corp Makes New Investment in Antero Resources Co. (NYSE:AR)

Alaska Permanent Fund Corp acquired a new stake in shares of Antero Resources Co. (NYSE:AR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,976 shares of the oil and natural gas company’s stock, valued at approximately $453,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AR. Lindbrook Capital LLC raised its stake in shares of Antero Resources by 81.5% during 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 during the last quarter. Planned Solutions Inc. purchased a new position in shares of Antero Resources during the fourth quarter valued at about $45,000. Itau Unibanco Holding S.A. purchased a new position in shares of Antero Resources during the third quarter valued at about $47,000. GAMMA Investing LLC purchased a new position in shares of Antero Resources during the fourth quarter valued at about $74,000. Finally, CWM LLC increased its stake in shares of Antero Resources by 33.9% during the third quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company’s stock valued at $76,000 after purchasing an additional 757 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AR has been the subject of a number of analyst reports. Scotiabank raised their target price on shares of Antero Resources from $26.00 to $36.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. raised their target price on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Mizuho raised their target price on shares of Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company raised their target price on shares of Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.69.

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 Antero Resources stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the transaction, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is owned by insiders.

Antero Resources Trading Up 1.2 %

Shares of AR stock opened at $33.80 on Friday. Antero Resources Co. has a 12-month low of $19.91 and a 12-month high of $34.24. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $27.65 and its 200 day moving average is $25.44. The stock has a market capitalization of $10.26 billion, a P/E ratio of 169.00 and a beta of 3.30.

Antero Resources (NYSE:AR) last issued its earnings results on Thursday, April 25th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. Research analysts expect that Antero Resources Co. will post 0.33 earnings per share 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.