Fintel reports that Fmr has filed a 13G/A form with the SEC disclosing ownership of 43.75MM shares of Antero Resources Corp (AR). This represents 14.565% of the company.
In their previous filing dated November 10, 2022 they reported 45.43MM shares and 15.12% of the company, a decrease in shares of 3.70% and a decrease in total ownership of 0.56% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 53.21% Upside
As of February 9, 2023, the average one-year price target for Antero Resources is $40.80. The forecasts range from a low of $29.29 to a high of $53.55. The average price target represents an increase of 53.21% from its latest reported closing price of $26.63.
The projected annual revenue for Antero Resources is $7,975MM, a decrease of 10.31%. The projected annual EPS is $8.10, an increase of 21.63%.
What is the Fund Sentiment?
There are 946 funds or institutions reporting positions in Antero Resources. This is an increase of 59 owner(s) or 6.65% in the last quarter. Average portfolio weight of all funds dedicated to AR is 0.59%, a decrease of 9.37%. Total shares owned by institutions decreased in the last three months by 4.18% to 268,585K shares. The put/call ratio of AR is 0.71, indicating a bullish outlook.
What are large shareholders doing?
FAGAX - Fidelity Advisor Growth Opportunities Fund holds 10,795K shares representing 3.60% ownership of the company. In it's prior filing, the firm reported owning 9,667K shares, representing an increase of 10.45%. The firm increased its portfolio allocation in AR by 9.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,203K shares representing 2.73% ownership of the company. In it's prior filing, the firm reported owning 8,254K shares, representing a decrease of 0.63%. The firm increased its portfolio allocation in AR by 3.18% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 6,995K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 7,067K shares, representing a decrease of 1.02%. The firm increased its portfolio allocation in AR by 2.82% over the last quarter.
Nuveen Asset Management holds 5,301K shares representing 1.77% ownership of the company. In it's prior filing, the firm reported owning 5,134K shares, representing an increase of 3.14%. The firm increased its portfolio allocation in AR by 7.71% over the last quarter.
Yorktown Energy Partners VIII holds 5,000K shares representing 1.67% ownership of the company. In it's prior filing, the firm reported owning 5,748K shares, representing a decrease of 14.96%. The firm increased its portfolio allocation in AR by 0.17% over the last quarter.
Antero Resources Background Information
(This description is provided by the company.)
Antero Resources Corporation is an independent oil and natural gas company engaged in the exploration, development, and production of natural gas, NGLs, and oil properties located in the Appalachian Basin. Headquartered in Denver, Colorado, the Company is focused on creating value through the development of its large portfolio of repeatable, low cost, liquids-rich drilling opportunities in two of the premier North American shale plays, the Marcellus and the Utica shales. Due to its market leading firm transportation portfolio and midstream ownership through Antero Midstream, Antero is the most integrated NGL and natural gas business in the U.S.
This story originally appeared on Fintel.
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