Teacher Retirement System of Texas Purchases 45,259 Shares of Antero Resources Co. (NYSE:AR)

Teacher Retirement System of Texas grew its holdings in Antero Resources Co. (NYSE:AR) by 94.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,168 shares of the oil and natural gas company’s stock after purchasing an additional 45,259 shares during the quarter. Teacher Retirement System of Texas’ holdings in Antero Resources were worth $3,266,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Antero Resources by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock valued at $55,278,000 after acquiring an additional 27,617 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Antero Resources by 15.9% in the third quarter. Citigroup Inc. now owns 178,053 shares of the oil and natural gas company’s stock valued at $5,101,000 after buying an additional 24,455 shares during the period. Cerity Partners LLC boosted its stake in Antero Resources by 62.7% in the 3rd quarter. Cerity Partners LLC now owns 281,246 shares of the oil and natural gas company’s stock worth $8,058,000 after purchasing an additional 108,373 shares during the period. Independent Advisor Alliance boosted its position in shares of Antero Resources by 41.2% during the third quarter. Independent Advisor Alliance now owns 39,907 shares of the oil and natural gas company’s stock worth $1,143,000 after buying an additional 11,652 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in Antero Resources by 2.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 486,761 shares of the oil and natural gas company’s stock worth $13,946,000 after acquiring an additional 11,512 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday, February 13th. Citigroup lifted their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. Raymond James raised their price target on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.06.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.70% of the stock is currently owned by company insiders.

Antero Resources Stock Up 0.6 %

Shares of AR opened at $41.46 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 129.57 and a beta of 3.38. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $41.74. The stock has a fifty day moving average of $38.49 and a 200-day moving average of $33.32.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, sell-side analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

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.