United States Oil Fund LP $USO Stock: Kestra Advisory Services LLC Increases Position

Kestra Advisory Services LLC raised its stake in United States Oil Fund LP (NYSEARCA:USO) by 32.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 36,732 shares of the company’s stock after acquiring an additional 8,982 shares during the period. Kestra Advisory Services LLC’s holdings in United States Oil Fund were worth $5,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Hamilton Wealth LLC purchased a new stake in shares of United States Oil Fund during the first quarter worth approximately $55,001,000. Bank of America Corp DE grew its position in United States Oil Fund by 117.1% in the 1st 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. Parker Investment Management LLC purchased a new position in United States Oil Fund in the 1st quarter valued at $6,364,000. Franchise GP Ltd acquired a new position in United States Oil Fund in the 3rd quarter valued at $5,953,000. Finally, Arkadios Wealth Advisors acquired a new position in United States Oil Fund in the 1st quarter valued at $5,326,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

United States Oil Fund Stock Performance

Shares of United States Oil Fund stock opened at $146.07 on Friday. The company has a market cap of $2.14 billion, a P/E ratio of 19.22 and a beta of -0.05. United States Oil Fund LP has a one year low of $65.99 and a one year high of $171.82. The firm has a fifty day moving average of $152.74 and a two-hundred day moving average of $126.63.

Insider Buying and Selling at United States Oil Fund

In other news, major shareholder Financial Lp Hrt sold 17,023 shares of United States Oil Fund stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $157.58, for a total value of $2,682,484.34. Following the sale, the insider owned 128,543 shares of the company’s stock, valued at $20,255,805.94. The trade was a 11.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have bought 148,833 shares of company stock valued at $23,385,278 and have sold 95,353 shares valued at $14,737,344.

Latest United States Oil Fund News

Here’s some of the latest news about USO:

• Positive Sentiment: Attacks on Saudi energy infrastructure and disruptions to shipping through the Strait of Hormuz have revived concerns about supply interruptions. Comments from President Trump also raised doubts about a near-term U.S.-Iran resolution, supporting oil’s geopolitical risk premium. Oil News: WTI and Brent Rise as Hormuz Shipping Disruptions Renew Supply Fears
• 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
• 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.