5 Best Crude Oil Stocks To Buy Today

03. Antero Resources Corporation (NYSE:AR)

Number of Hedge Fund Holders as of Q2, 2022: 64

Antero Resources Corporation (NYSE:AR) is an American oil and natural gas company. The company has access to hundreds of thousands of acres of drilling sites and millions of cubic feet of proven reserves. As of October 20, the stock had a PE multiple of 11x and a year-to-date gain of 97.24%. The business has free cash flows of over $2.1 billion. On October 19, Jefferies analyst Lloyd Byrne initiated coverage of Antero Resources Corporation (NYSE:AR) with a Buy rating and a $47 price target.

The hedge fund sentiment for the stock is positive. At the close of Q2 2022, Antero Resources Corporation (NYSE:AR) was spotted on 19 hedge fund portfolios. These funds held stakes of $121.35 million in the company, up from $115.88 million in the previous quarter with 17 positions. Out of the 895 hedge funds tracked by Insider Monkey, Zach Schreiber’s Point State Capital is Antero Resources Corporation (NYSE:AR)’s largest investor. It owns 4.2 million company shares, which are worth $129 million.