Fox Run Management L.L.C. Purchases 4,112 Shares of Antero Resources Co. (NYSE:AR)

Fox Run Management L.L.C. raised its position in Antero Resources Co. (NYSE:AR) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,155 shares of the oil and natural gas company’s stock after purchasing an additional 4,112 shares during the period. Fox Run Management L.L.C.’s holdings in Antero Resources were worth $1,478,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after buying an additional 12,062 shares during the period. Geode Capital Management LLC grew its holdings in shares of Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after purchasing an additional 61,490 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Antero Resources during the fourth quarter worth about $556,000. Massachusetts Financial Services Co. MA increased its position in shares of Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after purchasing an additional 122,815 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock valued at $304,000 after purchasing an additional 7,983 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

Shares of AR stock opened at $40.70 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $41.53. The firm has a market cap of $12.66 billion, a P/E ratio of 127.18 and a beta of 3.38. The business’s 50 day moving average price is $38.37 and its 200-day moving average price is $32.99.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, equities research analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AR. Citigroup raised their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Barclays increased their price objective on Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. UBS Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Truist Financial lifted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.06.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.70% of the stock is currently owned by company insiders.

About Antero Resources

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.