13 Hot Oil Stocks to Buy Now

6. CVR Energy, Inc. (NYSE:CVI)

6-Month Share Price Gain: 41.88%

Number of Hedge Fund Holders: 20

With strong share price gains and significant hedge fund interest, CVR Energy, Inc. (NYSE:CVI) secures a spot on our list of the 13 Hot Oil Stocks to Buy Now.

CVR Energy, Inc. (NYSE:CVI) released its Q2 2025 results on July 30, 2025. The company experienced a net loss attributable to stockholders of $114 million, compared to net income of $21 million a year earlier. An $89 million unfavorable Renewable Fuel Standard mark-to-market impact, lower throughput, and the inventory valuation losses contributed to the net loss.

Meanwhile, CVR Energy, Inc. (NYSE:CVI) recorded an increase in adjusted EBITDA from $87 million to $99 million. Furthermore, its Petroleum Segment’s adjusted refining margin per barrel increased from $9.81 to $9.95. The company also paid $90 million in the form of Term Loan prepayments.

Following the loss-making quarter, Scotiabank maintained its ‘Sell’ rating on the company with a $25 price target on July 31, 2025. Previously, Raymond James also downgraded CVR Energy, Inc. (NYSE:CVI) to ‘Underperform’ on July 15.

Operating through its Petroleum and Nitrogen Fertilizer segments, CVR Energy, Inc. (NYSE:CVI) engages in the provision of petroleum refining and marketing services. It is included in our list of the hot stocks to buy.