United States Oil Fund LP $USO Stock Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 32.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,732 shares of the company’s stock after buying an additional 8,982 shares during the quarter. Kestra Advisory Services LLC owned about 0.32% of United States Oil Fund worth $5,350,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Integrity Advisory Solutions LLC purchased a new stake in United States Oil Fund in the third quarter valued at approximately $567,000. Tucker Asset Management LLC acquired a new stake in shares of United States Oil Fund in the third quarter valued at approximately $237,000. Greenfield Seitz Capital Management LLC acquired a new stake in shares of United States Oil Fund in the third quarter valued at approximately $216,000. Signature Equity Partners LLC grew its position in shares of United States Oil Fund by 240.6% during the third quarter. Signature Equity Partners LLC now owns 579 shares of the company’s stock worth $84,000 after acquiring an additional 409 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of United States Oil Fund during the third quarter worth approximately $1,427,000. 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 $146.07 on Friday. The firm’s fifty day simple moving average is $152.74 and its 200-day simple moving average is $126.63. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 19.22 and a beta of -0.05. United States Oil Fund LP has a 12 month low of $65.99 and a 12 month high of $171.82.

Insider Transactions at United States Oil Fund

In other United States Oil Fund news, major shareholder Financial Lp Hrt acquired 101,212 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average cost of $158.02 per share, with a total value of $15,993,520.24. Following the transaction, the insider owned 61,589 shares of the company’s stock, valued at approximately $9,732,293.78. This trade represents a -255.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have acquired 148,833 shares of company stock worth $23,385,278 and have sold 95,353 shares worth $14,737,344.

Key Stories Impacting United States Oil Fund

Investors following USO have been watching these stories:

• Positive Sentiment: Falling U.S. distillate inventories and ongoing Middle East shipping risks offer additional support, despite strong crude production. Oil Prices Face Mixed Signals as U.S. Distillate Stocks Fall
• Neutral Sentiment: Oil has swung between rebounds on supply concerns and declines as traders weigh diplomatic prospects, leaving the near-term direction uncertain. Oil prices drop more than $1 as hopes for Iran, Ukraine peace talks pressure markets
• Negative Sentiment: U.S. commercial crude inventories unexpectedly rose by 4.7 million barrels, versus analysts’ forecast for a decline—evidence of a near-term supply overhang that could weigh on crude and USO. U.S. Crude-Oil Stockpiles Post Unexpected Weekly Build

About United States Oil Fund

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.