Antero Midstream Target of Unusually Large Options Trading (NYSE:AM)

Antero Midstream Co. (NYSE:AM) saw unusually large options trading on Thursday. Traders bought 35,555 put options on the company. This represents an increase of 2,865% compared to the average volume of 1,199 put options.

Analyst Upgrades and Downgrades

AM has been the topic of several analyst reports. Morgan Stanley boosted their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Wednesday. Finally, StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday.

Antero Midstream Trading Up 3.3 %

Shares of AM opened at $15.01 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 18.53 and a beta of 2.39. The company has a 50-day moving average of $15.20 and a 200 day moving average of $14.85. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $16.00.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.00%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is 111.11%.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now directly owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors LLC purchased a new position in Antero Midstream during the third quarter valued at approximately $680,000. Coldstream Capital Management Inc. increased its holdings in shares of Antero Midstream by 6.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after acquiring an additional 705 shares during the period. Geode Capital Management LLC raised its position in shares of Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after acquiring an additional 251,987 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Antero Midstream by 20.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 71,500 shares of the pipeline company’s stock worth $1,076,000 after purchasing an additional 12,099 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Antero Midstream during the third quarter valued at about $256,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.