Sei Investments Co. has $4.53M stock position in Antero Resources Co. (NYSE:AR)

VaselineOctober 2, 2024

0 3 minutes read

Sei Investments Co. increased its holdings in Antero Resources Co. (NYSE:AR – Free Report) by 9.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 138,816 shares of the oil and gas company’s stock after buying an additional 12,332 shares during the quarter. The holdings of Sei Investments Co. holdings in Antero Resources were worth $4,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Diversified Trust Co bought a new stake in shares of Antero Resources in the second quarter valued at approximately $1,154,000. MADDEN SECURITIES Corp lifted its position in shares of Antero Resources by 38.5% in the first quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock worth $4,351,000 after acquiring an additional 41,725 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Antero Resources in the first quarter worth about $1,544,000. GSA Capital Partners LLP bought a new stake in shares of Antero Resources in the first quarter worth about $1,022,000. Finally, Vaughan Nelson Investment Management LP lifted its position in shares of Antero Resources by 47.1% in the first quarter. Vaughan Nelson Investment Management LP now owns 1,073,905 shares of the oil and natural gas company’s stock worth $31,144,000 after acquiring an additional 343,905 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s shares.

The Wall Street analyst weighs in

A number of brokerages have commented on AR. JPMorgan Chase & Co. cut their price objective on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research report on Wednesday, September 11th. Goldman Sachs Group cut their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Scotiabank upgraded Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20. Finally, Wells Fargo & Company downgraded Antero Resources from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $34.00 to $25.00 in a report of Tuesday’s research. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Moderate Buy” and a consensus price target of $32.63, according to MarketBeat.com.

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Check out our latest analysis on AR

Antero Resources Trading Up 0.0%

Shares of AR stock opened at $28.66 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29, and a debt-to-equity ratio of 0.22. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The firm has a market cap of $8.91 billion, a PE ratio of 143.30 and a beta of 3.33. The stock’s fifty-day simple moving average is $27.26, and its 200-day simple moving average is $30.31.

Antero Resources (NYSE:AR – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The firm had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. As a group, research analysts predict that Antero Resources Co. will post 0.02 earnings per share for the current year.

Indoor activity

In other news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of shares are currently owned by insiders.

About Antero Resources

(Free Report)

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration and acquisition of natural gas, natural gas liquids (NGL) and petroleum properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investments in Antero Midstream.