Pax World Management LLC Lowered Its Antero Resources Corp. (AR) Stake as Market Valuation Rose

May 17, 2018 - By Robert Sims

Antero Resources Corporation (NYSE:AR) LogoInvestors sentiment increased to 1.32 in 2017 Q4. Its up 0.15, from 1.17 in 2017Q3. It improved, as 33 investors sold AR shares while 72 reduced holdings. 46 funds opened positions while 93 raised stakes. 282.31 million shares or 3.23% less from 291.74 million shares in 2017Q3 were reported. Cushing Asset Mgmt Lp owns 0.01% invested in Antero Resources Corporation (NYSE:AR) for 17,000 shares. Blackrock reported 11.87 million shares stake. Swiss Bancorp holds 0.02% or 814,700 shares. 52,313 were reported by Aperio Grp Ltd. State Board Of Administration Of Florida Retirement Systems holds 313,544 shares. Stevens Mngmt Lp reported 0.12% stake. Ls Investment Ltd Liability invested 0.01% in Antero Resources Corporation (NYSE:AR). California Public Employees Retirement reported 454,531 shares or 0.01% of all its holdings. D E Shaw And has invested 0% of its portfolio in Antero Resources Corporation (NYSE:AR). Wealth Enhancement Advisory Ser Ltd Company owns 0.03% invested in Antero Resources Corporation (NYSE:AR) for 20,799 shares. Moreover, Citigroup has 0% invested in Antero Resources Corporation (NYSE:AR) for 43,576 shares. 44,551 were reported by Capital Impact Lc. Dekabank Deutsche Girozentrale has invested 0% in Antero Resources Corporation (NYSE:AR). Raymond James And owns 22,480 shares. Millennium Mngmt Ltd Liability Company owns 1.37M shares.

Since March 2, 2018, it had 0 buys, and 2 sales for $97,325 activity.

Pax World Management Llc decreased its stake in Antero Resources Corp. (AR) by 20.24% based on its latest 2017Q4 regulatory filing with the SEC. Pax World Management Llc sold 362,950 shares as the company’s stock rose 3.39% while stock markets declined. The institutional investor held 1.43 million shares of the oil & gas production company at the end of 2017Q4, valued at $27.17M, down from 1.79M at the end of the previous reported quarter. Pax World Management Llc who had been investing in Antero Resources Corp. for a number of months, seems to be less bullish one the $6.19 billion market cap company. The stock increased 0.98% or $0.19 during the last trading session, reaching $19.51. About 2.20M shares traded. Antero Resources Corporation (NYSE:AR) has declined 15.07% since May 17, 2017 and is downtrending. It has underperformed by 26.62% the S&P500.

Pax World Management Llc, which manages about $3.21B and $1.74B US Long portfolio, upped its stake in Vanguard Ftse Developed Market (VEA) by 376,300 shares to 415,590 shares, valued at $18.64M in 2017Q4, according to the filing. It also increased its holding in Scotts Miracle (NYSE:SMG) by 98,235 shares in the quarter, for a total of 108,235 shares, and has risen its stake in Johnson Controls International Plc.

Analysts await Antero Resources Corporation (NYSE:AR) to report earnings on August, 1. They expect $0.12 earnings per share, up 220.00 % or $0.22 from last year’s $-0.1 per share. AR’s profit will be $38.05 million for 40.65 P/E if the $0.12 EPS becomes a reality. After $0.39 actual earnings per share reported by Antero Resources Corporation for the previous quarter, Wall Street now forecasts -69.23 % negative EPS growth.

Another recent and important Antero Resources Corporation (NYSE:AR) news was published by Globenewswire.com which published an article titled: “Report: Exploring Fundamental Drivers Behind Micronet Enertec Technologies, Everbridge, Visteon, Commerce …” on May 17, 2018.

Antero Resources Corporation (NYSE:AR) Ratings Coverage

Among 15 analysts covering Antero Resources (NYSE:AR), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Antero Resources had 21 analyst reports since November 20, 2017 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, December 14 report. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, April 27. The rating was maintained by Stephens on Tuesday, February 6 with “Hold”. The company was maintained on Friday, April 20 by Morgan Stanley. Jefferies maintained it with “Hold” rating and $2200 target in Wednesday, April 25 report. The firm has “Equal-Weight” rating given on Monday, November 20 by Barclays Capital. KeyBanc Capital Markets maintained Antero Resources Corporation (NYSE:AR) rating on Sunday, January 21. KeyBanc Capital Markets has “Buy” rating and $29.0 target. The stock of Antero Resources Corporation (NYSE:AR) has “Buy” rating given on Tuesday, January 16 by Robert W. Baird. The firm earned “Buy” rating on Wednesday, January 17 by Susquehanna. The company was maintained on Tuesday, January 30 by Jefferies.

Antero Resources Corporation (NYSE:AR) Ratings Chart

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