Silver Oak Securities Incorporated Takes Position in United States Oil Fund LP $USO

Silver Oak Securities Incorporated purchased a new stake in United States Oil Fund LP (NYSEARCA:USO) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,115 shares of the company’s stock, valued at approximately $2,051,000. Silver Oak Securities Incorporated owned about 0.09% of United States Oil Fund as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USO. Caption Management LLC bought a new stake in United States Oil Fund during the 4th quarter worth about $5,201,000. Harvest Fund Management Co. Ltd lifted its position in shares of United States Oil Fund by 33.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock worth $17,030,000 after purchasing an additional 60,569 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of United States Oil Fund during the third quarter worth approximately $3,478,000. Flow Traders U.S. LLC bought a new stake in shares of United States Oil Fund during the third quarter valued at approximately $3,062,000. Finally, Indie Asset Partners LLC bought a new stake in shares of United States Oil Fund during the fourth quarter valued at approximately $2,113,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

United States Oil Fund Price Performance

Shares of United States Oil Fund stock opened at $106.29 on Thursday. The firm has a 50 day simple moving average of $132.35 and a 200 day simple moving average of $103.79. United States Oil Fund LP has a fifty-two week low of $65.99 and a fifty-two week high of $154.08. The firm has a market cap of $1.44 billion, a P/E ratio of 19.22 and a beta of -0.04.

Trending Headlines about United States Oil Fund

Here are the key news stories impacting United States Oil Fund this week:

• Positive Sentiment: U.S. crude inventories fell for a ninth straight week, and Cushing stocks dropped to their lowest level in 12 years, which supports the longer-term oil market even as prices weaken in the short term. U.S. Crude Oil Inventories Fall, Product Stocks Rise
• Neutral Sentiment: U.S. oil executives told the Dallas Fed they expect only slight production growth, but said geopolitical and regulatory uncertainty makes long-term planning difficult. US oil executives see slight output growth, future outlook uncertain, survey says
• Neutral Sentiment: Reports that tanker traffic through the Strait of Hormuz is normalizing, along with signs that stranded vessels are exiting the region, point to smoother crude flows and less supply disruption risk. Oil markets start to signal near-term oversupply as tankers exit Strait of Hormuz
• Neutral Sentiment: President Trump’s push for lower gasoline prices and a DOJ review of oil companies adds political pressure to the energy complex, reinforcing the bearish tone for oil-linked assets. Trump instructs DOJ to probe oil companies over higher gasoline prices
• Negative Sentiment: Crude prices slipped below $70 at one point as more ships moved through Hormuz, signaling reduced supply risk and adding to downward pressure on oil prices. US oil prices briefly fall below $70 even as stocks dwindle at storage hub
• Negative Sentiment: Multiple reports describe oil as falling sharply on expectations of smoother crude flows through the Strait of Hormuz, which directly hurts USO because it tracks crude benchmarks. Oil extends decline as Trump accuses oil firms of ‘gouging’ consumers

United States Oil Fund Company Profile

United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.