Insider Sale At Antero Resources Corp (AR): Director Howard W Keenan Sold 12,000,000 Shares

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Director Jr Howard W Keenan at Antero Resources Corp (NYSE:AR) sold 12,000,000 shares of Common stock, par value $0.01 per share, at a Price of $62 per share. “On May 19, 2014, Antero Resources Investment LLC, a Delaware limited liability company (“Antero Investment”), sold 12,000,000 shares of common stock of Antero Resources Corporation,” (SEC). Following this transaction, Mr. Keenan owns 208,965,909 shares indirectly by Antero Investment, as member, manager and general partner of Yorktown Energy Partners (V, VI, VII, and VIII), members of Antero Investment. Mr. Keenan owns directly another 1,818 securities at this $16.32 Billion market Cap Company. Insider purchases haven’t been registered over the course of 2014. Last acquisition was made by Director Reid Christopher Manning during Q3 2013, when he bought 35,750 shares, at a price of $44.00 per share, at this Independent oil and Natural Gas Company.

Moreover, important hedge funds have increased their activity at Antero Resources Corp (NYSE:AR) over the last reported quarter. Ken Griffin’s Citadel Investment Group increased its stake by 1%, and now holds more than 2.6 million shares at the company, worth about $164 million, accounting for 0.22% of the fund’s Equity Portfolio. Another fund that has been feeling bullish about this stock is Select Equity Group, of Robert Joseph Caruso. It increased its activity by 16%, and now owns more than 1.2 million shares, worth over $80 million, amount which represents 0.87% of its Equity Portfolio.

Disclosure: None.

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