Mercuria Capital Strategies LLC Invests $11.92 Million in Antero Resources Co. (NYSE:AR)

Mercuria Capital Strategies LLC bought a new position in Antero Resources Co. (NYSE:AR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 340,000 shares of the oil and natural gas company’s stock, valued at approximately $11,917,000. Antero Resources makes up approximately 4.6% of Mercuria Capital Strategies LLC’s portfolio, making the stock its 5th largest holding.

Several other institutional investors have also recently made changes to their positions in AR. Pinnacle Bancorp Inc. purchased a new stake in shares of Antero Resources in the 4th quarter worth approximately $28,000. True Wealth Design LLC purchased a new stake in shares of Antero Resources in the 3rd quarter worth approximately $30,000. Spire Wealth Management purchased a new stake in shares of Antero Resources in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB grew its stake in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after buying an additional 913 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after purchasing an additional 523 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

NYSE:AR opened at $36.10 on Thursday. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $41.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The business’s 50-day simple moving average is $38.01 and its two-hundred day simple moving average is $32.42. The stock has a market cap of $11.23 billion, a PE ratio of 112.83 and a beta of 3.38.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, analysts forecast that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. The Goldman Sachs Group increased their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Mizuho increased their price target on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. JPMorgan Chase & Co. increased their price target on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. StockNews.com raised Antero Resources to a “sell” rating in a report on Thursday, February 13th. Finally, Truist Financial raised their target price on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.94.

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.