5 Energy Stocks to Buy According to Billionaire Bruce Kovner’s Caxton Associates

2. Antero Resources Corporation (NYSE:AR)

Caxton Associates’ Stake Value: $3,580,000

Percentage of Caxton Associates’ 13F Portfolio: 0.39% 

Number of Hedge Fund Holders: 41

Antero Resources Corporation (NYSE:AR) is one of Caxton Associates’ top energy stock picks as of September 2021, with the hedge fund expanding its position in the company by 356% in Q3, holding 190,314 shares worth $3.58 million, representing 0.39% of the total 13F portfolio. Antero Resources Corporation (NYSE:AR) is a Colorado-based energy company offering natural gas, ethane, natural gas liquids, and petroleum. 

SailingStone Capital Partners is the largest Antero Resources Corporation (NYSE:AR) stakeholder as of the third quarter, holding a $115 million position in the company. Overall, 41 hedge funds were long Antero Resources Corporation (NYSE:AR) in Q3, up from 33 funds in the preceding quarter. 

Raymond James analyst John Freeman raised the price target on Antero Resources Corporation (NYSE:AR) to $32 from $19 and kept a Strong Buy rating on the shares on October 26.