Verde Servicos Internacionais S.A. Buys New Shares in United States Oil Fund LP $USO

Verde Servicos Internacionais S.A. purchased a new position in United States Oil Fund LP (NYSEARCA:USOFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,000 shares of the company’s stock, valued at approximately $516,000.

A number of other institutional investors and hedge funds have also bought and sold shares of USO. Quadrature Capital Ltd boosted its stake in shares of United States Oil Fund by 1,005.7% in the second quarter. Quadrature Capital Ltd now owns 342,680 shares of the company’s stock worth $25,053,000 after acquiring an additional 311,687 shares during the period. Jump Financial LLC lifted its holdings in United States Oil Fund by 67.3% in the 2nd quarter. Jump Financial LLC now owns 131,279 shares of the company’s stock worth $9,598,000 after purchasing an additional 52,830 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in United States Oil Fund by 65.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock worth $4,842,000 after purchasing an additional 26,102 shares in the last quarter. Compass Wealth Management LLC bought a new position in United States Oil Fund in the 3rd quarter worth approximately $2,709,000. Finally, AlphaQuest LLC purchased a new stake in United States Oil Fund during the 2nd quarter valued at approximately $1,211,000. 67.47% of the stock is owned by institutional investors.

United States Oil Fund Stock Performance

USO stock opened at $78.89 on Thursday. The company’s fifty day moving average price is $72.00 and its 200-day moving average price is $72.60. United States Oil Fund LP has a one year low of $60.67 and a one year high of $83.57. The company has a market capitalization of $1.04 billion, a PE ratio of 19.22 and a beta of 0.40.

United States Oil Fund News Summary

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United States Oil Fund Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United States Oil Fund (NYSEARCA:USO)

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