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Oil prices continue to rise due to events in the Middle East, and more signs of inflation continue to show up in various economic reports. This has led many investors to look for investments that will benefit from rising inflation and energy prices. The energy stocks listed below have seen recent insider buying, which can indicate that people who know these companies well feel that the shares are undervalued. In particular, I think Rex Energy Corporation (NASDAQ:REXX) looks interesting, due to multiple insiders buying and its Marcellus Shale project.

REXX, based in State College, Penn., is an independent oil and gas company with projects in several areas, including in the Marcellus Shale. Rex Energy operates about 2,134 wells. The 50-day moving average is about $12.46 and the 200-day moving average is about $11.60. The stock currently trades for about $12.59. This company has seen multiple insiders buying shares in the past month. Details of those transactions can be found here.

Noble Energy, Inc. (NYSE:NBL), based in Houston, Tex., engages in exploration, development, production and marketing of oil and natural gas all over the world. The 50-day moving average is about $86.20 and the 200-day moving average is about $75.25. The stock currently trades for about $89.19. This company saw one insider buy about 10,000 shares around February 23-24. Details for those transactions can be found here.

Star Gas Partners, LP (NYSE:SGU), based in Stamford, Conn., engages in heating oil distribution and other fuel sales. The 50-day moving average is about $5.30 and the 200-day moving average is about $4.71. The stock currently trades for about $5.44, which could mean it has started a new uptrend. This company saw multiple insider transactions recently. Details for those transactions can be found here.

Often, shares will move up in stocks that have seen insider buying only to settle down later, so I plan to wait for pullbacks before buying any of these shares.

Source: 3 Energy Stocks With Recent Insider Buying