In this article, we look at the 13 Hot Oil Stocks to Buy Now.
Amid ongoing geopolitical tensions and supply-side shifts, investors are keeping their eyes on the global oil market while remaining vigilant. On August 11, 2025, oil prices remained flat ahead of talks this week between the U.S. and Russia over the war in Ukraine. Oil experienced a 4% decline last week when OPEC+ decided to boost production by 547,000 barrels per day for September. As such, Brent Crude prices increased 0.06% to $66.63, while WTI settled up 0.13% at $65.15. Prices for both hit their lowest level in the past week.
Meanwhile, U.S. President Donald Trump threatened new tariffs on India over its Russian oil imports, reigniting trade tensions. In response, New Delhi took a strong stance, indicating a growing rift. U.S. imports from India totaled nearly $87 billion in 2024. If the new tariff rate does come into effect, it will increase the rate for some Indian goods up to 50%, effectively ending U.S. imports from India.
Citing higher supply from South America and steady output from sanctioned countries, UBS reduced its year-end Brent crude forecast to $62 a barrel from $68.
Yet, uncertainty remains over the outcome of the Trump-Putin meeting, the potential for secondary sanctions on China, and volatility in global oil demand forecasts.
With this backdrop in mind, let’s move on to our list of the 13 Hot Oil Stocks to Buy Now.
A large oil tanker container ship sailing against a sunset background.
Our Methodology
To curate our list of the 13 Hot Oil Stocks to Buy Now, we used the Finviz screener to extract a list of oil companies with a 6-month return of over 20%. Next, we assessed the hedge fund sentiment surrounding these stocks using Insider Monkey’s hedge fund database, which tracks over 1,000 hedge funds. Finally, we ranked these stocks in ascending order based on the number of hedge funds holding stakes in the respective stocks, as of Q1 2025.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13. Permian Basin Royalty Trust (NYSE:PBT)
6-Month Share Price Gain: 50.37%
Number of Hedge Fund Holders: 3
With strong share price gains and significant hedge fund interest, Permian Basin Royalty Trust (NYSE:PBT) secures a spot on our list of the 13 Hot Oil Stocks to Buy Now.
On July 21, 2025, Permian Basin Royalty Trust (NYSE:PBT) declared a $0.015 per unit cash distribution, which is payable on August 14 to holders of record on July 31. This cash distribution, which is an increase compared to last month, reflects stronger natural gas volumes and elevated oil and gas prices from the Texas Royalty Properties. The distribution does not include proceeds from the Waddell Ranch properties, where production costs for the month of May exceeded revenues.
Meanwhile, Permian Basin Royalty Trust (NYSE:PBT) announced that litigation between the Trustee and Blackbeard continues. The trial concerning more than $9 million in alleged unpaid royalties and improper deductions dating back to April 2020 is set to take place on November 17, 2025. For July, the Texas Royalty Properties contributed $901,654 net profit, reflecting oil at $68.37/bbl and gas at $11.75/Mcf.
Permian Basin Royalty Trust (NYSE:PBT), based in Dallas, Texas, operates as a U.S. oil and gas royalty trust. It is included in our list of the hot stocks to buy.
12. Geospace Technologies Corporation (NASDAQ:GEOS)
6-Month Share Price Gain: 68.74%
Number of Hedge Fund Holders: 3
Geospace Technologies Corporation (NASDAQ:GEOS) is included in our list of the 13 Hot Oil Stocks to Buy Now.
On August 4, 2025, Geospace Technologies Corporation (NASDAQ:GEOS) bought 100% of the Heartbeat Detector technology from GeoVox Security, Inc., which is a security solution developed by the U.S. Department of Energy’s Oak Ridge National Laboratory. The portable device, which has already been deployed in more than a dozen countries to curtail human trafficking, illegal border crossings, and prison escapes, delivers results in under 10 seconds with 99% accuracy. With plans to expand its market reach, Geospace is expected to offer it through a subscription model.
Furthermore, on August 11, Geospace Technologies Corporation (NASDAQ:GEOS) announced a $24 million agreement for the first major sales of the Pioneer ultralight seismic land node. Pioneer, which is designed and built in the U.S., delivers high-quality seismic data in a package that weighs less than 0.5 kg. Scheduled for delivery in Q3 2025, it offers operational efficiency and deployment speed.
For decades, the company has remained an innovative solutions provider in the oil and gas industry’s search for more energy reserves. Serving the energy exploration, security and surveillance, and industrial IoT markets, Geospace Technologies Corporation (NASDAQ:GEOS) provides technology solutions for enhanced situational awareness. It is included in our list of the hot stocks to buy.
11. Genesis Energy, L.P. (NYSE:GEL)
6-Month Share Price Gain: 53.01%
Number of Hedge Fund Holders: 5
With strong share price gains and significant hedge fund interest, Genesis Energy, L.P. (NYSE:GEL) secures a spot on our list of the 13 Hot Oil Stocks to Buy Now.
On July 31, 2025, Genesis Energy, L.P. (NYSE:GEL) reported its results for Q2 2025. The company recorded a YoY improvement in its net loss from $8.7 million to $0.4 million, while delivering $122.9 million in adjusted EBITDA. The company’s improved operations were led by the successful start-up of the Shenandoah production facility. The facility is now delivering oil to the new SYNC and expanded CHOPS pipelines. Ramp-up to 90-100 kbd is expected in the coming weeks. Meanwhile, Salamanca is well-positioned to record its first oil by Q3-end. The company expects full-year adjusted EBITDA at the low end of its $545-$575 million guidance, despite commissioning delays.
Following the earnings release, Wells Fargo maintained its ‘Buy’ rating on Genesis Energy, L.P. (NYSE:GEL) on August 1, 2025, with a $19 price target. On the same day, RBC Capital also maintained its ‘Buy’ rating with a $20 target. Both analysts maintain a bullish stance due to the strong potential of Shenandoah and Salamanca, alongside improving offshore margins and expected debt reduction by the end of 2025.
Genesis Energy, L.P. (NYSE:GEL), headquartered in Houston, Texas, provides offshore pipeline transportation, marine transportation, and onshore services. It is included in our list of the hot stocks to buy.
10. San Juan Basin Royalty Trust (NYSE:SJT)
6-Month Share Price Gain: 47.97%
Number of Hedge Fund Holders: 5
San Juan Basin Royalty Trust (NYSE:SJT) is included in our list of the 13 Hot Oil Stocks to Buy Now.
On July 21, 2025, Argent Trust Company announced that no July cash distribution was made to unitholders. Argent Trust, which is trustee of the San Juan Basin Royalty Trust (NYSE:SJT), cited persistent excess production costs and low natural gas prices as reasons for no distribution.
Hilcorp, which is an oil and gas producer in the U.S., reported $3.94 million in total revenues for May 2025. Cumulative excess balance reached $15.93 million gross ($11.95 million net to the Trust) due to $5.10 million in production costs. Meanwhile, average gas prices decreased to $1.62 per Mcf, a $0.25 month-over-month decline, while volumes fell slightly. San Juan Basin Royalty Trust (NYSE:SJT) will not resume distributions until excess costs are repaid, reserves are restored to $2 million, and the credit is fully repaid. Previously, the company drew on a $2 million line of credit in July to cover expenses.
Operating as an express trust in Texas, San Juan Basin Royalty Trust (NYSE:SJT) holds royalty interests in oil and gas properties in the San Juan Basin. It is included in our list of the hot stocks to buy.
9. Forum Energy Technologies, Inc. (NYSE:FET)
6-Month Share Price Gain: 27.63%
Number of Hedge Fund Holders: 6
With strong share price gains and significant hedge fund interest, Forum Energy Technologies, Inc. (NYSE:FET) secures a spot on our list of the 13 Hot Oil Stocks to Buy Now.
On August 7, 2025, Forum Energy Technologies, Inc. (NYSE:FET) reported its results for Q2 2025. The company recorded revenue of $200 million, which was up 3% sequentially, and net income of $8 million ($0.61 per diluted share). Meanwhile, it recorded a $1 million net loss after making adjustments for one-time items.
During the quarter, Forum Energy Technologies, Inc. (NYSE:FET) reported a surge in orders, taking the total to $263 million, resulting in a 132% book-to-bill ratio and the highest backlog in over a decade. This growth was attributed to strong offshore defense and energy infrastructure demand.
Meanwhile, Forum Energy Technologies, Inc. (NYSE:FET)’s financial health was boosted by adjusted EBITDA of $21 million (up 2%) and free cash flow of $23 million. The quarter marks the eighth straight positive quarter. Looking ahead, the company raised its 2025 free cash flow guidance to $60-$80 million, expecting adjusted EBITDA of $85 million. As of the end of Q2, Forum Energy Technologies repurchased 579,000 shares year-to-date for $11 million, while expecting to reduce net leverage to 1.3x by the end of 2025.
Forum Energy Technologies, Inc. (NYSE:FET) serves the crude oil, natural gas, and renewable energy industries. It designs, manufactures, and distributes engineered capital equipment and consumable products. It is included in our list of the hot stocks to buy.
8. NPK International Inc. (NYSE:NPKI)
6-Month Share Price Gain: 41.83%
Number of Hedge Fund Holders: 19
NPK International Inc. (NYSE:NPKI) is included in our list of the 13 Hot Oil Stocks to Buy Now.
On August 5, 2025, NPK International Inc. (NYSE:NPKI) reported its Q2 2025 results. A 34% increase in rental revenues to a record $31.7 million helped the company record total revenue of $68.2 million. Meanwhile, its income from continuing operations reached $8.8 million ($0.10 per diluted share) and adjusted EBITDA increased to $18.8 million (27.5% margin).
During the quarter, NPK International Inc. (NYSE:NPKI) recorded an operating cash flow of $21.4 million, ending Q2 with $26 million in cash, $9.3 million in debt, and $175 million in available liquidity. Thanks to the strong outlook for utility and critical infrastructure demand, the company raised its full-year guidance to $250-$260 million in revenue and $68-$74 million in adjusted EBITDA. At the same time, NPK’s capital allocation included a 5% rental fleet expansion and $6 million in share repurchases.
Following the strong quarterly results, B. Riley raised its price target on NPK International Inc. (NYSE:NPKI) from $11 to $12.50, maintaining a ‘Buy’ rating.
NPK International Inc. (NYSE:NPKI) delivers full-service solutions for oil and gas operations. It is included in our list of the hot stocks to buy.
7. Dorian LPG Ltd. (NYSE:LPG)
6-Month Share Price Gain: 31.06%
Number of Hedge Fund Holders: 20
Dorian LPG Ltd. (NYSE:LPG) is included in our list of the 13 Hot Oil Stocks to Buy Now.
On August 1, 2025, Dorian LPG Ltd. (NYSE:LPG) announced its results for Q1 fiscal 2026. On the same day, the company also declared an irregular cash dividend of $0.60 per share, returning about $25.6 million to shareholders, which is payable on August 27, to holders of record as of August 12.
In Q1, Dorian LPG Ltd. (NYSE:LPG) recorded a revenue drop of 26.4% YoY to $84.2 million, alongside net income of $10.1 million ($0.24 per diluted share). The net income decrease was attributed to lower TCE rates ($39,726/day vs. $50,243) and heavy drydocking. Meanwhile, adjusted EBITDA stood at $38.6 million.
Despite trade flow disruptions caused by geopolitical tensions, including U.S.-China LPG tariffs and Middle East conflicts, Dorian LPG Ltd. (NYSE:LPG) recorded strong bookings for the quarter. Looking ahead, the company remains cautiously optimistic due to limited fleet additions and resilient LPG trade fundamentals.
With its LPG tankers, Dorian LPG Ltd. (NYSE:LPG) owns and operates modern Very Large Gas Carriers (VLGCs). It is included in our list of the hot stocks to buy.
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.
5. Flotek Industries, Inc. (NYSE:FTK)
6-Month Share Price Gain: 58.62%
Number of Hedge Fund Holders: 22
With strong share price gains and significant hedge fund interest, Flotek Industries, Inc. (NYSE:FTK) secures a spot on our list of the 13 Hot Oil Stocks to Buy Now.
Following the company’s earnings release, Northland upgraded Flotek Industries, Inc. (NYSE:FTK) from ‘Market Perform’ to ‘Outperform’ on August 6, 2025, maintaining a $16 price target.
A day earlier, Flotek Industries, Inc. (NYSE:FTK) reported its results for Q2 2025. A 19% growth in Chemistry Technologies and a 189% surge in Data Analytics resulted in a 26% revenue growth to $58.4 million. Furthermore, the growth was driven by the recent acquisition of mobile gas conditioning assets. Marking the eleventh consecutive quarter of growth, the company’s adjusted EBITDA more than doubled to $9.5 million, while adjusted net income grew 167% to $6.0 million, or $0.16 per share.
Moreover, Flotek Industries, Inc. (NYSE:FTK) recorded a 500-basis-point improvement in gross margin, taking it to 25%, thanks to higher-margin service revenue. Looking ahead, the company reaffirmed its 2025 revenue guidance of $200-$220 million and adjusted EBITDA guidance of $34-$39 million. It expects strong demand across both segments and outperformance from the acquired assets.
Flotek Industries, Inc. (NYSE:FTK) is focused on enhancing the performance and economics of oil and gas operations with its innovative chemistry solutions and data analytics. It is included in our list of the hot stocks to buy.
4. Sable Offshore Corp. (NYSE:SOC)
6-Month Share Price Gain: 31.34%
Number of Hedge Fund Holders: 29
Sable Offshore Corp. (NYSE:SOC) is included in our list of the 13 Hot Oil Stocks to Buy Now.
On July 20, 2025, Jefferies maintained a ‘Buy’ rating on Sable Offshore Corp. (NYSE:SOC) with a $38 price target. The analyst attributed its bullish stance to Superior Court of California Judge Donna Geck’s ruling. The ruling now allows the company to resume pipelines 324 and 325 and begin first oil sales in August. With this update, Sable Offshore will resume operations at its Santa Ynez Unit. However, delay in the removal of the injunction is expected.
Meanwhile, on July 18, 2025, TD Cowen also maintained its ‘Buy’ rating on Sable Offshore Corp. (NYSE:SOC) with a $40 target. The court decision is expected to boost the company’s near-term production and cash flow, driving analyst sentiment.
Sable Offshore Corp. (NYSE:SOC), based in the U.S., operates as an independent oil and gas company. It is included in our list of the hot stocks to buy.
3. Par Pacific Holdings, Inc. (NYSE:PARR)
6-Month Share Price Gain: 66.36%
Number of Hedge Fund Holders: 29
With strong share price gains and significant hedge fund interest, Par Pacific Holdings, Inc. (NYSE:PARR) secures a spot on our list of the 13 Hot Oil Stocks to Buy Now.
On August 5, 2025, Par Pacific Holdings, Inc. (NYSE:PARR) reported strong performance for Q2 2025, driven by record throughput of 88 Mbpd in Hawaii, improved margins in Montana and Washington, and the completion of a Montana refinery turnaround. As a result of these key drivers, the company reported a threefold YoY increase in net income, which reached $59.5 million, and a 69% growth in adjusted EBITDA, which hit $137.8 million. Meanwhile, the company repurchased $28 million worth of shares, while recording a 23% increase in its liquidity that reached $647 million.
Following the strong quarterly performance, Raymond James reduced its price target on Par Pacific Holdings, Inc. (NYSE:PARR) from $38 to $36. However, the analyst maintained its ‘Outperform’ rating, citing strong upside from refining optimization and a planned SAF project sell-down. On the same day, TD Cowen also maintained its ‘Buy’ rating with a $35 target.
Operating across its Refining, Retail, and Logistics segments, Par Pacific Holdings, Inc. (NYSE:PARR) operates as an energy company in the U.S. It is included in our list of the hot stocks to buy.
2. National Fuel Gas Company (NYSE:NFG)
6-Month Share Price Gain: 22.22%
Number of Hedge Fund Holders: 35
National Fuel Gas Company (NYSE:NFG) is included in our list of the 13 Hot Oil Stocks to Buy Now.
On July 16, 2025, BofA Securities upgraded National Fuel Gas Company (NYSE:NFG) from ‘Underperform’ to ‘Buy’, lifting its price target from $85 to $107. This upgrade comes at a time when the company’s share price is nearing its 52-week high.
The analyst’s bullish stance is attributed to the significant improvement in the company’s Eastern Development Area’s productivity, acquired from Shell in 2020. Recent drilling results indicate output of 2.6 bcf per thousand feet, which is 16% above the company’s forecasts. This positions the company for a more capital-efficient program through 2030.
Looking ahead, National Fuel Gas Company (NYSE:NFG) projects a 5% production CAGR, surpassing the 3% consensus estimate. Furthermore, it expects a 10% reduction in drilling and completion Capex from $504 million to $422 million by 2027.
National Fuel Gas Company (NYSE:NFG) is focused on the exploration, production, and distribution of natural gas and oil. It is included in our list of the hot stocks to buy.
1. HF Sinclair Corporation (NYSE:DINO)
6-Month Share Price Gain: 20.14%
Number of Hedge Fund Holders: 40
With strong share price gains and significant hedge fund interest, HF Sinclair Corporation (NYSE:DINO) secures a spot on our list of the 13 Hot Oil Stocks to Buy Now.
On August 8, 2025, Mizuho raised its price target on HF Sinclair Corporation (NYSE:DINO) from $50 to $52, maintaining an ‘Outperform’ rating. This price update reflects the company’s latest earnings beat. During the recently concluded quarter, the company’s Refining segment recorded a solid performance, which offset softness in its Lubricants, Midstream, and Marketing segments. Moreover, its Renewables segment, which holds potential for incremental Production Tax Credit benefits in Q3, surpassed expectations.
Moreover, the analyst cited improved utilization, lower costs, and favorable Mid-Continent distillate market dynamics as key growth drivers. Mizuho also highlighted the HF Sinclair Corporation (NYSE:DINO)’s strong liquidity position, boasting a current ratio of 1.82x, alongside a 4.59% dividend yield, backed by 38 consecutive years of dividend payments.
HF Sinclair Corporation (NYSE:DINO) manufactures light and heavy petroleum products as well as lubricants & specialties, including renewable diesel and plant-based lubricants. It is included in our list of the hot stocks to buy.
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