Top 5 Oil Stocks To Buy Right Now

Below you can find the list of the top 5 oil stocks to buy now. For a detailed discussion as well as a more comprehensive list, please see 10 Best Oil Stocks To Buy Now.

5. Nobel Energy (NBL):

Number of Hedge Funds: 45

Total Value of Hedge Fund Holdings: $754 million

Fourth Quarter Return: NA

Notable Hedge Fund Holders: Water Island Capital

Earlier in October Chevron completed the acquisition of Nobel Energy. You can consider this as another vote for Chevron shares. Here is what Chevron said about this acquisition:

“We are pleased to welcome Noble Energy’s employees and shareholders to Chevron. Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio, and the combination is expected to deliver strong financial benefits,” said Chevron Chairman and CEO Michael Wirth. “With an industry-leading balance sheet and a track record of capital discipline, we believe we’re in a different place than others and can protect the dividend while driving long-term value.””