Mesirow Institutional Investment Management Inc. Buys 9,495 Shares of Antero Resources Co. (NYSE:AR)

Mesirow Institutional Investment Management Inc. lifted its stake in Antero Resources Co. (NYSE:AR) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 528,883 shares of the oil and natural gas company’s stock after purchasing an additional 9,495 shares during the period. Mesirow Institutional Investment Management Inc. owned 0.18% of Antero Resources worth $11,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Antero Resources by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,520,782 shares of the oil and natural gas company’s stock valued at $698,477,000 after purchasing an additional 113,864 shares during the period. Wellington Management Group LLP raised its stake in shares of Antero Resources by 55.5% in the 3rd quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock valued at $200,036,000 after purchasing an additional 2,814,127 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Antero Resources by 34.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company’s stock valued at $97,118,000 after purchasing an additional 982,384 shares during the period. American Century Companies Inc. raised its stake in shares of Antero Resources by 19.4% in the 3rd quarter. American Century Companies Inc. now owns 2,207,379 shares of the oil and natural gas company’s stock valued at $56,023,000 after purchasing an additional 357,960 shares during the period. Finally, Kailix Advisors LLC raised its stake in shares of Antero Resources by 28.4% in the 4th quarter. Kailix Advisors LLC now owns 1,914,213 shares of the oil and natural gas company’s stock valued at $43,414,000 after purchasing an additional 423,017 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert J. Clark sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the sale, 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 available through this hyperlink. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Clark sold 10,000 shares of Antero Resources 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 completion of the transaction, the director now owns 69,963 shares in the company, valued at $2,355,654.21. The disclosure for this sale can be found here. In the last three months, insiders sold 877,280 shares of company stock valued at $26,212,305. Insiders own 5.95% of the company’s stock.

Antero Resources Price Performance

NYSE AR traded down $1.07 during trading on Friday, hitting $33.32. 3,475,434 shares of the stock traded hands, compared to its average volume of 5,087,202. The company has a market capitalization of $10.36 billion, a P/E ratio of 166.55 and a beta of 3.27. The firm has a 50-day simple moving average of $29.55 and a 200-day simple moving average of $25.89. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 12-month low of $19.91 and a 12-month high of $34.99.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. As a group, analysts predict that Antero Resources Co. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

AR has been the topic of a number of recent research reports. Scotiabank lifted their target price on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. Mizuho lifted their target price on Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. boosted their price target on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, January 17th. Finally, Raymond James boosted their price target on Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Antero Resources presently has a consensus rating of “Hold” and an average price target of $32.08.

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.