In this article, we will discuss the 12 Best Commodity Stocks to Buy Right Now.
The ongoing market environment is marked by shifting global supply, demand, and investor sentiment amid the evolution of the commodities cycle. Yet precious metals are seen leading gains alongside industrial metals, as evidenced by the Bloomberg Commodity Index (BCOM), which is up 10% so far in 2025 as of November 19, 2025. Furthermore, four of the six BCOM sectors have recorded gains in Q3, according to Jim Wiederhold, Commodity Indices Product Manager at Bloomberg. With petroleum rising 4%, grains and energy sectors remain exceptions.
Meanwhile, on November 10, Reuters reported that China’s major commodity imports largely eased in October. Iron ore was seen as resilient even as declines were noted in crude oil, natural gas, and coal, reflecting where demand remains robust amid broader softness.
Amid this volatility, concerns are emerging surrounding the sustainability of the performance. On October 30, 2025, the World Bank’s Commodity Markets Outlook highlighted a 7% expected decline in global commodity prices in 2026. This decline is anticipated due to subdued global economic activity, persistent trade tensions, and excess oil supplies. On the other hand, precious metals are projected to grow at 5%.
On the other hand, Reuters reported on November 13 that global LNG supply could grow by 10.2% in 2026, thanks to U.S. expansions. Kpler’s commodity analysts, particularly its lead analyst Go Katayama, believe U.S. LNG capacity could potentially moderate recent gains, as it is projected to grow to 130 million tons in 2026, a significant rise from 90 million tons in 2024. Meanwhile, based on estimates, the capacity is expected to hit 110 million tons in 2025.
With this context in mind, let’s move to the 12 best commodity stocks to buy right now.
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Our Methodology
To curate our list of the 12 Best Commodity Stocks to Buy Right Now, we used financial media sources, ETFs, and screeners to identify commodity stocks with significant hedge fund interest. We used Insider Monkey’s hedge fund database, which tracks 983 stocks as of Q2 2025. Our list is presented in ascending order based on the number of hedge funds holding stakes in each stock.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12. Air Products and Chemicals, Inc. (NYSE:APD)
Number of Hedge Fund Holders: 53
Air Products and Chemicals, Inc. (NYSE:APD) is one of the 12 best commodity stocks to buy right now.
On November 11, 2025, The Fly reported that Air Products and Chemicals, Inc. (NYSE:APD) saw its price target reduced from $375 to $325 by Evercore ISI, while maintaining its “Outperform” rating. With the firm noting a shift away from earnings-driven moves among chemical companies, it also highlighted Q4 guidance below expectations. Despite this, the firm noted that these stocks gained 6% on average post-results.
Evercore’s price revision followed the company’s Q4 FY25 results, announced on November 7. Air Products and Chemicals, Inc. (NYSE:APD) reported EPS of $3.39, compared to the $3.38 forecast. The company’s focus on its cost-reset strategy was evident during the quarter, as it tightened capital deployment through a 16% workforce reduction. Meanwhile, full-year EPS reached $12.03, a decrease of 3% on a year-over-year basis. However, earnings met the company’s guidance. At the same time, operating margins remained stable at 23.7%, and the company returned $1.6 billion to shareholders, maintaining its commitment to capital efficiency.
Furthermore, Air Products and Chemicals, Inc. (NYSE:APD)’s management discussed its project delivery, noting that the NEOM green hydrogen development is nearly 90% complete and on track to achieve ammonia output in 2027. For FY26, the company sees a 9% EPS growth, modestly positive cash flow, and about $4 billion in capital spending.
Air Products and Chemicals, Inc. (NYSE:APD), operating across North America, Europe, Asia, and the Middle East, runs a global network of industrial gas, hydrogen, and large-scale energy transition projects.
11. EOG Resources, Inc. (NYSE:EOG)
Number of Hedge Fund Holders: 53
With significant hedge fund interest, EOG Resources, Inc. (NYSE:EOG) secures a spot on our list of the 12 best commodity stocks to buy right now.
On November 11, 2025, EOG Resources, Inc. (NYSE:EOG) saw its price target maintained by RBC Capital at $145 with a “Buy” rating.
This was followed by EOG Resources, Inc. (NYSE:EOG)’s solid Q3 results, marking $1.5 billion in net income with $1.4 billion in free cash flow. Meanwhile, disciplined operating costs, alongside consistent performance across its core basins, helped the company record adjusted EPS of $2.71 and adjusted operating cash flow per share of $5.57.
During the quarter, EOG Resources, Inc. (NYSE:EOG) reinforced its commitment to shareholder returns, recording $1 billion in dividends and repurchases. Regular dividend payments increased 8% YoY, while buybacks reached nearly $450 million. The quarterly dividend payment reached a record high of nearly $550 million.
Furthermore, EOG Resources, Inc. (NYSE:EOG) raised its free cash flow guidance to $4.5 billion and ended the quarter with $3.5 billion in cash and $7.7 billion in long-term debt. Looking ahead, the company remains confident in its resilience amid short-term oil supply challenges, thanks to a robust portfolio that includes the Delaware Basin, Eagle Ford, Utica, and emerging gas plays.
EOG Resources, Inc. (NYSE:EOG), a U.S.-based oil and gas producer, operates large-scale shale assets across the Permian, Eagle Ford, Utica, and domestic gas resources.
10. The Mosaic Company (NYSE:MOS)
Number of Hedge Fund Holders: 54
With significant hedge fund interest, The Mosaic Company (NYSE:MOS) secures a spot on our list of the 12 best commodity stocks to buy right now.
On November 12, 2025, The Fly reported that Goldman Sachs reiterated its “Buy” rating on The Mosaic Company (NYSE:MOS) but lowered its price target from $37 to $33. The investment firm cited the company’s Q3 performance, marked by positive results from Fertilizantes and reduced Phosphate sales volume guidance.
Earlier, on November 5, The Mosaic Company (NYSE:MOS) reported its Q3 results. The quarter marked a significant turnaround, with net income rising to $411 million from $122 million in the same quarter previous year. Meanwhile, adjusted EBITDA rose to $806 million from $448 million. This robust improvement was driven by strong realizations and effective cost control, according to management.
However, The Mosaic Company (NYSE:MOS) noted higher inventory levels and pricing, resulting in an increase of over $400 million in working capital. At the same time, the company’s operating cash flow reached $229 million. The management believes liquidity control remains its key focus.
Looking ahead, The Mosaic Company (NYSE:MOS) looks to capitalize on its cost-savings trajectory. The company remains confident about achieving $250 million in savings by 2026, having already recorded $150 million in initial reductions. Furthermore, it expects resilience to continue in Brazil amid credit challenges, with improving asset health in phosphate operations expected to support more stable production levels in 2026.
The Mosaic Company (NYSE:MOS) is a producer of phosphate and potash crop nutrients, supplying customers across North and South America and international markets.
9. Range Resources Corporation (NYSE:RRC)
Number of Hedge Fund Holders: 55
With significant hedge fund interest, Range Resources Corporation (NYSE:RRC) secures a spot on our list of the 12 best commodity stocks to buy right now.
On November 18, 2025, The Fly reported that Piper Sandler’s Mark Lear reduced the price target on Range Resources Corporation (NYSE:RRC) from $39 to $37, while maintaining a “Neutral” rating. The price revision reflects updated models following the third-quarter results for the sector.
Previously, on November 5, 2025, Raymond James raised its price target on Range Resources Corporation (NYSE:RRC) from $41 to $42, while maintaining an “Outperform” rating. The investment firm’s bullish stance reflects the company’s third-quarter results, in which it exceeded the firm’s earnings estimate by 9%. On the weakness side, Raymond James highlighted lower-than-expected NGL realization guidance. However, the weakness failed to affect the firm’s overall outlook for the company.
Meanwhile, earlier on October 29, 2025, Range Resources Corporation (NYSE:RRC) reported its Q3 2025 results. The quarter saw steady execution by the company across capital, production, and pricing. Furthermore, the company achieved its operating target while maintaining tight spending. This reinforced analyst confidence in the company’s three-year free cash flow outlook.
The company’s diluted non-GAAP net income per share of $0.57 surpassed the investment firm’s estimate by 9% and exceeded the Street’s estimate by 7%, thanks to stronger realizations and lower operating costs. The quarter also saw shareholders’ returns of $56 million from buybacks, while net debt remained stable at roughly $1.2 billion. The company also paid $21 million in dividends during the quarter. Moreover, heavy capital spending of $190 million was recorded in Q3, accounting for roughly 29% of the full-year budget.
Looking ahead, Range Resources Corporation (NYSE:RRC) raised its 2025 production guidance and expects steady free cash flow generation through 2027. The company expects to produce 2.23 billion cubic feet equivalent (Bcfe) per day in 2025, marginally up from its earlier estimate of approximately 2.225 Bcfe per day.
Range Resources Corporation (NYSE:RRC), a U.S. independent natural gas and NGL producer, supplies key domestic and LNG-linked markets.
8. Ovintiv Inc. (NYSE:OVV)
Number of Hedge Fund Holders: 55
Ovintiv Inc. (NYSE:OVV) is one of the 12 best commodity stocks to buy right now.
On November 18, 2025, The Fly reported that Ovintiv Inc. (NYSE:OVV) saw Citi reduce its price target from $54 to $52, while reiterating a “Buy” rating.
Previously, on November 6, 2025, Evercore ISI increased its price target on Ovintiv Inc. (NYSE:OVV) from $43 to $47, while maintaining an “Outperform” rating. The price revision reflects the company’s Q3 results, which exceeded analyst expectations. Moreover, the investment firm cited the company’s strategic Montney expansion as a key catalyst fueling its future growth. Furthermore, its acquisition of NuVista Energy in early November is expected to enhance its cash flow and streamline the portfolio, the firm noted.
Meanwhile, Ovintiv Inc. (NYSE:OVV) reported its Q3 results on November 5, 2025. The quarter marked a generation of $351 million in free cash flow and production at the high end of guidance. The consistency shown in the cash flow generation comes despite the over $10 per barrel drop in WTI oil prices since the first quarter of 2024. The company’s confidence was bolstered during the quarter, leading to a 10,000 BOE/day increase in full-year production guidance and $50 million reduction in capital investment.
Furthermore, the company’s acquisition of NuVista, announced on November 4, is expected to add approximately 100,000 BOE/day in 2026 and 930 net 10,000-foot equivalent wells. Additionally, the company’s efforts to reduce target debt to $4 billion remain on track, thanks to the Anadarko divestiture. The company recorded $267 million in adjusted earnings, alongside non-GAAP free cash flow of $351 million after capital expenditures of $544 million.
With total Montney production expected to average about 400,000 BOE per day, including 85,000 barrels per day of oil and condensate and 1.75 Bcf per day of natural gas, Ovintiv Inc. (NYSE:OVV) appears well-positioned for strong future growth.
Ovintiv Inc. (NYSE:OVV), an exploration and production company, focuses on oil and gas operations in the Permian Basin and Montney shale.
7. Devon Energy Corporation (NYSE:DVN)
Number of Hedge Fund Holders: 58
With significant hedge fund interest, Devon Energy Corporation (NYSE:DVN) secures a spot on our list of the 12 best commodity stocks to buy right now.
On November 13, 2025, Goldman Sachs’ Neil Mehta reiterated a “Buy” rating on Devon Energy Corporation (NYSE:DVN) with a $42 price target.
Earlier, on November 12, 2025, Devon Energy Corporation (NYSE:DVN) saw RBC Capital reiterate its “Sector Perform” rating with a $42 price target. The investment firm cited the company’s ongoing business optimization efforts, which RBC Capital believes remain underappreciated by the market. Furthermore, the firm highlighted the company’s initial 2026 guidance, which projects reduced capital expenditures and slightly higher production levels.
Meanwhile, Devon Energy Corporation (NYSE:DVN) reported its Q3 2025 results on November 6. The quarter marked a generation of $1.7 billion in operating cash flow and $820 million in free cash flow. Furthermore, the company returned $401 million to shareholders through dividends and share repurchases. The quarter also saw a $485 million reduction in net debt, bringing total debt reduction to nearly $1 billion toward the company’s $2.5 billion target. Thus, net leverage reached a low level of 0.9x (net debt-to-EBITDA ratio). At the same time, the recorded production during the quarter exceeded guidance, with operating costs reducing by 5% from the start of the year.
Looking ahead, Devon Energy Corporation (NYSE:DVN) aims to invest $3.5-$3.7 billion in capital, which is expected to maintain stable production levels and boost free cash flow.
Devon Energy Corporation (NYSE:DVN), an independent oil and gas producer, focuses on exploration, production, and development across its onshore assets.
6. Occidental Petroleum Corporation (NYSE:OXY)
Number of Hedge Fund Holders: 64
With significant hedge fund interest, Occidental Petroleum Corporation (NYSE:OXY) secures a spot on our list of the 12 best commodity stocks to buy right now.
On November 13, 2025, Occidental Petroleum Corporation (NYSE:OXY) saw Susquehanna reiterate its “Buy” rating and raise its price target to $55 from $54. The firm noted that the company exceeded Q3 expectations on both EPS and production, driven by strong performance in domestic business.
Meanwhile, the company released its Q3 2025 earnings on November 10, 2025. The quarter saw operational execution exceed expectations, helping Occidental Petroleum Corporation (NYSE:OXY) record production of 1.47 million barrels of oil equivalent per day, driven by record Permian output and improved uptime in the Gulf of America.
Furthermore, Occidental Petroleum Corporation (NYSE:OXY) recorded $3.2 billion in operating cash flow and $1.5 billion in free cash flow, thanks to record Permian production of 800,000 BOE per day. At the same time, the company reduced its lease operating expenses to $8.11 per BOE, the lowest level since 2021. Having repaid $1.3 billion of debt during the quarter, the company expects to bring it below $15 billion post-OxyChem sale. Moreover, the company recorded $2.2 billion in shareholder returns through dividends and buybacks.
During the quarter, Occidental Petroleum Corporation (NYSE:OXY) expanded its Permian resource base by 2.5 billion BOE, which now represents 70% of total resources. On the other hand, OxyChem pre-tax income fell short of guidance due to global chlorovinyl softness. Yet the company looks ahead with confidence, citing enhanced oil recovery, CO2 injection pilots, and Gulf of America waterflood projects as key growth drivers. The company reported adjusted earnings per diluted share of $0.64. The quarterly revenue came in at $6.72 billion, up from $6.50 billion in the prior quarter.
Occidental Petroleum Corporation (NYSE:OXY) is focused on exploration, development, and production of oil and gas globally.
5. ConocoPhillips (NYSE:COP)
Number of Hedge Fund Holders: 72
ConocoPhillips (NYSE:COP) is one of the 12 best commodity stocks to buy right now.
On November 12, 2025, UBS reduced its price target on ConocoPhillips (NYSE:COP) from $122 to $117, reiterating a “Buy” rating. The investment firm cites cost pressures from the Willow project, which are evident from the $1-$1.5 billion capital expenditure increase for the project. These cost pressures, alongside softer 2026 oil volume outlook, drove the price target reduction.
ConocoPhillips (NYSE:COP) announced Q3 2025 results on November 6, 2025. The quarter saw production exceeding guidance with 2.399 million barrels of oil equivalent per day. Meanwhile, adjusted EPS reached $1.61 per share. Thanks to $5.4 billion in cash from operations, the company recorded $2.2 billion in shareholder returns, including dividends and buybacks. Furthermore, the company lowered its operating cost guidance to $10.6 billion and raised production guidance to 2.375 MMBOED, bolstering investor confidence.
However, the Willow project faced cost pressures due to inflation and localized escalation, reporting an increase to $8.5-$9.0 billion in project capital guidance. Still, the first oil schedule is on track for early 2029. ConocoPhillips (NYSE:COP)’s management believes Willow remains competitive within the company’s portfolio despite higher capital expenditures. Moreover, strong cash flow was generated from its Lower 48 operations, thanks to improvement in efficiency and reduction in rig counts.
With this, ConocoPhillips (NYSE:COP) expects to achieve a $7 billion free cash flow inflection by 2029.
ConocoPhillips (NYSE:COP), a global energy producer, focuses on oil and gas exploration, production, and LNG development.
4. Cameco Corporation (NYSE:CCJ)
Number of Hedge Fund Holders: 77
With significant hedge fund interest, Cameco Corporation (NYSE:CCJ) secures a spot on our list of the 12 best commodity stocks to buy right now.
On November 13, The Fly reported that TD Securities raised its price target on Cameco Corporation (NYSE:CCJ) from C$142 to C$150, reiterating its “Buy” rating.
Meanwhile, on November 5, 2025, Cameco Corporation (NYSE:CCJ) reported its Q3 2025 results. The quarter marked $615 million in revenue, beating forecasts by 8.3%, but lower by 15% on a YoY basis. Cameco Corporation (NYSE:CCJ) recorded $32 million, or $0.07 a share in adjusted earnings for the quarter, missing expectations. The earnings shortfall was attributed to reduced production at key sites, including MacArthur River and Key Lake. Meanwhile, cash and liquidity totaled $779 million, well supported by a $1 billion undrawn credit facility. During the quarter, the company also announced an increase in its dividend to $0.24 per common share.
While the company reduced its production guidance, Cameco Corporation (NYSE:CCJ)’s management remains confident, citing upside from improved uranium pricing, a robust sales pipeline, and ongoing operational flexibility through standby loan facilities. Furthermore, the company expects to accelerate reactor deliveries through its partnership with Westinghouse.
Cameco Corporation (NYSE:CCJ) is focused on uranium production for electricity generation.
3. Linde plc (NASDAQ:LIN)
Number of Hedge Fund Holders: 77
Linde plc (NASDAQ:LIN) is one of the 12 best commodity stocks to buy right now.
On November 11, 2025, UBS analyst Joshua Spector revisited Linde plc (NASDAQ:LIN) and upgraded the stock from “Neutral” to “Buy,” with a $500 price target, down from $507. The analyst’s upgrade reflects the stock’s attractive risk/reward as a defensive growth stock. Furthermore, adjusted EPS growth is expected to accelerate from 6% to roughly 9%-10% in 2026, the analyst noted.
New project startups, a strong $7 billion backlog, and margin improvements from price increases and productivity gains are key growth drivers. Moreover, the analyst believes Linde plc (NASDAQ:LIN) is at an “attractive 2.5x up/downside skew.” Additionally, helium and rare gas pricing, which is expected to recover, alongside the lapping of weaker European volumes, is expected to fuel the future growth.
Meanwhile, Linde plc (NASDAQ:LIN) reported its Q3 2025 results on October 31. The company reported adjusted EPS of $4.21, up 7% YoY. Thanks to 2% price increases and efficient capital deployment, $1.7 billion in free cash flow was generated. Resilience shown in base volumes despite European softness helped the company increase operating cash flow by 8%. Having invested $4.2 billion in the business, the company returned $5.3 billion to shareholders. The quarter marked 3% YoY revenue growth, bringing it to $8.6 billion.
Linde plc (NASDAQ:LIN), a global industrial gases company, serves healthcare, chemicals, electronics, and energy markets.
2. Expand Energy Corporation (NASDAQ:EXE)
Number of Hedge Fund Holders: 93
With significant hedge fund interest, Expand Energy Corporation (NASDAQ:EXE) secures a spot on our list of the 12 best commodity stocks to buy right now.
On November 18, 2025, Piper Sandler’s Mark Lear reiterated a “Buy” rating on Expand Energy Corporation (NASDAQ:EXE) with a $138 price target.
Meanwhile, Expand Energy Corporation (NASDAQ:EXE) reported Q3 2025 results on October 28. During the earnings call, the company’s management highlighted that the same volume is achieved with seven rigs, instead of the 13 required in 2023. With this, the company’s year-to-date costs were recorded as 30% below competitors’ costs. With well productivity up 40% above basin averages, the management expects to spend $150 million less to deliver higher 2025 volumes.
Furthermore, Expand Energy Corporation (NASDAQ:EXE) recorded $1.2 billion in gross debt reduction and returned $850 million to shareholders since the October 2024 merger. Carrying this momentum forward into 2026, management expects to supply 7.5 Bcf/d with the same capital expenditures as in 2025.
While Expand Energy Corporation (NASDAQ:EXE)’s management acknowledged mixed results in Western Haynesville and the early stage of its marketing strategy, it remains confident in its long-term growth trajectory, thanks to long-term Gulf Coast demand, premium contracts such as Lake Charles Methanol, and ongoing optimization efforts.
Expand Energy Corporation (NASDAQ:EXE), an independent natural gas producer, focuses on efficient and low-cost development across the U.S.
1. EQT Corporation (NYSE:EQT)
Number of Hedge Fund Holders: 96
EQT Corporation (NYSE:EQT) is one of the 12 best commodity stocks to buy right now.
On November 17, 2025, Morgan Stanley’s Devin McDermott reiterated a “Buy” rating on EQT Corporation (NYSE:EQT) with a $69 price target. Earlier, in a November 9 note, the analyst’s bullish stance reflected the company’s multi-year growth that has given it a strengthened competitive position.
McDermott cited the company’s past five years’ journey, marked by over 50% production growth, 30% cost reduction, and a doubling of free cash flow. With this, EQT Corporation (NYSE:EQT) has become a competitive player in the market, McDermott noted. The analyst also expressed optimism about the company’s goal of achieving a $1 billion higher run-rate FCF, with an additional $550 million in fee-based cash flow and $400 million in lower maintenance spending.
Meanwhile, EQT Corporation (NYSE:EQT) had reported its Q3 2025 results on October 21. Advancing its operational consistency, the company delivered $484 million in quarterly free cash flow, which surpassed $2.3 billion over the past four quarters. This robust cash flow was driven by high-end production, strong productivity, and record-low cash costs.
The quarter also marked disciplined capital management, keeping spending $70 million below the target midpoint and integrating Olympus Energy in just 34 days. The company also raised the base dividend by 5% to $0.66 per share, while expecting minimal cash taxes in 2025, which could save nearly $100 million relative to the prior forecast. EQT Corporation (NYSE:EQT) expects to generate $19 billion in free cash flow over the next five years. This growth will be driven by utility demand through MVP boost commitments and a paced LNG strategy designed to avoid the expected oversupply in 2027-2029.
EQT Corporation (NYSE:EQT), a leading U.S. natural gas producer, operates upstream, gathering, and transmission assets across the Appalachian Basin.
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