Yellowstone Partners LLC purchased a new position in Antero Resources Corporation (NYSE:AR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 250,184 shares of the oil and natural gas company’s stock, valued at approximately $4,979,000. Antero Resources makes up approximately 2.6% of Yellowstone Partners LLC’s portfolio, making the stock its 8th biggest position. Yellowstone Partners LLC owned 0.08% of Antero Resources at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of AR. Evergreen Capital Management LLC purchased a new position in shares of Antero Resources in the second quarter worth about $3,110,000. Delta Lloyd Asset Management N.V. purchased a new position in shares of Antero Resources in the second quarter worth about $1,373,000. Caymus Capital Partners L.P. raised its stake in shares of Antero Resources by 34.5% in the second quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock worth $94,425,000 after purchasing an additional 1,121,300 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Antero Resources by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 1,801,717 shares of the oil and natural gas company’s stock worth $38,934,000 after purchasing an additional 11,737 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in shares of Antero Resources by 28.7% in the second quarter. Utah Retirement Systems now owns 42,200 shares of the oil and natural gas company’s stock worth $912,000 after purchasing an additional 9,400 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.
Shares of Antero Resources Corporation (NYSE AR) opened at $18.55 on Wednesday. The company has a market capitalization of $5,997.02, a P/E ratio of 100.00 and a beta of 0.94. Antero Resources Corporation has a 12-month low of $17.89 and a 12-month high of $26.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85.
AR has been the subject of several research analyst reports. Morgan Stanley reduced their price objective on Antero Resources from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 18th. Robert W. Baird restated a “buy” rating and issued a $38.00 price objective on shares of Antero Resources in a research note on Sunday, September 10th. Barclays cut Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price target for the company. in a research report on Monday, November 20th. Jefferies Group set a $20.00 price target on Antero Resources and gave the company a “hold” rating in a research report on Friday, November 17th. Finally, SunTrust Banks reiterated a “hold” rating and set a $22.00 price target on shares of Antero Resources in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Antero Resources presently has a consensus rating of “Hold” and a consensus target price of $27.16.
In other news, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of Antero Resources stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total value of $209,151.25. The disclosure for this sale can be found here. 9.20% of the stock is owned by insiders.
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About Antero Resources
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
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