Elite Hedge Funds Love These 5 Energy Stocks

In this article, we are going to discuss the 5 energy stocks that elite hedge funds currently admire. If you want to read our detailed analysis of these stocks, go directly to the Elite Hedge Funds Love These 10 Energy Stocks.

05. Antero Resources Corp (NYSE:AR)

Number of Hedge Fund Holders as of Q2 2022: 64

Hedge funds tracked by Insider Monkey have been bullish on Antero Resources Corp (NYSE:AR) shares since Q1, 2021. The number of hedge funds holding Antero Resources Corp (NYSE:AR) shares increased gradually in the past four quarters touching its peak during the recent quarter with 64 hedge funds holding Antero Resources Corp (NYSE:AR) shares. Zach Schreiber’s Point State Capital is the largest stakeholder holding 4.2 million shares of Antero Resources Corp (NYSE:AR) valued at $130 million.

Antero Resources Corporation (NYSE:AR) is a hydrocarbon exploration firm with all of its reserves located in the Appalachian Basin. Petrol, ethane, natural gas liquids, and natural gas are all present in the company’s reserves. As of August 29, the company shares had increased significantly over the previous 12 months by over 229%.

On July 27, Antero Resources Corporation (NYSE:AR) released its Q2 2022 financial results. The business generated $563 million in non-GAAP net income. The company’s $2.2 billion in revenue was a 349.5% YoY increase, beating Wall Street expectations by $380 million. Additionally, non-GAAP FCF of $664 million and net cash produced by operating activities of $923 million were reported. The business bought back $247 million worth of stock and lowered its overall debt by $383 million.