Silver Oak Securities Incorporated Makes New $2.05 Million Investment in United States Oil Fund LP $USO

Silver Oak Securities Incorporated bought a new stake in shares of United States Oil Fund LP (NYSEARCA:USO) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,115 shares of the company’s stock, valued at approximately $2,051,000.

Several other hedge funds also recently modified their holdings of USO. Caption Management LLC acquired a new stake in shares of United States Oil Fund during the 4th quarter worth approximately $5,201,000. Harvest Fund Management Co. Ltd raised its stake 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 buying an additional 60,569 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new position in United States Oil Fund in the third quarter valued at approximately $3,478,000. Flow Traders U.S. LLC acquired a new position in United States Oil Fund in the third quarter valued at approximately $3,062,000. Finally, Indie Asset Partners LLC bought a new position in United States Oil Fund in the fourth quarter valued at approximately $2,113,000. Institutional investors own 67.47% of the company’s stock.

United States Oil Fund Stock Performance

USO opened at $106.29 on Thursday. The company has a fifty day moving average price of $132.35 and a two-hundred day moving average price of $103.79. United States Oil Fund LP has a 52 week low of $65.99 and a 52 week high of $154.08. The firm has a market capitalization of $1.44 billion, a PE ratio of 19.22 and a beta of -0.04.

Key Headlines Impacting 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 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.