United States Oil Fund (NYSEARCA:USO) Major Shareholder Sells $195,805.68 in Stock

United States Oil Fund LP (NYSEARCA:USOGet Free Report) major shareholder Financial Lp Hrt sold 1,218 shares of United States Oil Fund stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $160.76, for a total value of $195,805.68. Following the sale, the insider directly owned 61,589 shares in the company, valued at $9,901,047.64. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

  • On Wednesday, September 16th, Financial Lp Hrt sold 17,023 shares of United States Oil Fund stock. The stock was sold at an average price of $157.58, for a total value of $2,682,484.34.
  • On Wednesday, September 16th, Financial Lp Hrt purchased 43,638 shares of United States Oil Fund stock. The stock was acquired at an average price of $155.30 per share, with a total value of $6,776,981.40.
  • On Friday, September 11th, Financial Lp Hrt sold 77,112 shares of United States Oil Fund stock. The shares were sold at an average price of $153.79, for a total transaction of $11,859,054.48.
  • On Friday, September 11th, Financial Lp Hrt acquired 3,983 shares of United States Oil Fund stock. The shares were bought at an average price of $154.35 per share, for a total transaction of $614,776.05.
  • On Monday, September 14th, Financial Lp Hrt acquired 101,212 shares of United States Oil Fund stock. The shares were bought at an average price of $158.02 per share, for a total transaction of $15,993,520.24.

United States Oil Fund Stock Performance

USO stock opened at $153.82 on Friday. The company’s fifty day moving average price is $133.19 and its 200-day moving average price is $127.30. United States Oil Fund LP has a one year low of $65.99 and a one year high of $163.35. The company has a market capitalization of $2.40 billion, a PE ratio of 19.22 and a beta of -0.02.

Key Headlines Impacting United States Oil Fund

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

  • Positive Sentiment: Oil remains supported by the Iran war, the closure of the Strait of Hormuz and continuing Saudi-Houthi tensions. Tight refined-product markets have also made supply conditions more vulnerable, which could support crude prices and USO. $105 Oil Is Quietly Engineering Its Own Demise
  • Positive Sentiment: WTI’s ability to hold technical support near $99.30 leaves the potential for a rebound toward $102.50 and higher if supply risks intensify. WTI Crude Oil Forecast: $99 Support Keeps Upside Intact
  • Positive Sentiment: Major shareholder Financial Lp Hrt’s disclosed purchases exceeded its reported sales during the latest filing period, indicating continued exposure to USO, although the transactions are not a direct business-performance signal. SEC filing

Institutional Trading of United States Oil Fund

Hedge funds have recently bought and sold shares of the stock. Hamilton Wealth LLC purchased a new stake in shares of United States Oil Fund in the first quarter worth about $55,001,000. Bank of America Corp DE boosted its stake in United States Oil Fund by 117.1% during the first quarter. Bank of America Corp DE now owns 143,881 shares of the company’s stock valued at $18,309,000 after buying an additional 77,617 shares during the last quarter. Caption Management LLC purchased 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 holdings in shares of United States Oil Fund by 33.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock worth $17,030,000 after acquiring an additional 60,569 shares in the last quarter. Finally, Parker Investment Management LLC bought a new position in shares of United States Oil Fund during the 1st quarter valued at approximately $6,364,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.

United States Oil Fund Company Profile

(Get 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.

Further Reading

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