United States Oil Fund LP $USO Position Lowered by Roan Capital Partners

Roan Capital Partners trimmed its position in United States Oil Fund LP (NYSEARCA:USO) by 71.7% in the second quarter, Holdings Channel reports. The firm owned 14,486 shares of the company’s stock after selling 36,651 shares during the quarter. United States Oil Fund accounts for 1.3% of Roan Capital Partners’ holdings, making the stock its 25th biggest holding. Roan Capital Partners’ holdings in United States Oil Fund were worth $1,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sovereign Financial Group Inc. acquired a new position in shares of United States Oil Fund in the 1st quarter worth approximately $1,749,000. Harvest Fund Management Co. Ltd lifted its stake in 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 purchasing an additional 60,569 shares during the last quarter. Indie Asset Partners LLC acquired a new position in United States Oil Fund in the fourth quarter worth $2,113,000. Silver Oak Securities Incorporated bought a new stake in United States Oil Fund during the first quarter valued at $2,051,000. Finally, Hamilton Wealth LLC bought a new stake in United States Oil Fund during the first quarter valued at $55,001,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

United States Oil Fund Stock Performance

Shares of NYSEARCA:USO opened at $117.98 on Friday. The company’s fifty day moving average is $120.35 and its two-hundred day moving average is $114.30. United States Oil Fund LP has a 1-year low of $65.99 and a 1-year high of $154.08. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 19.22 and a beta of -0.03.

United States Oil Fund News Roundup

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

• Positive Sentiment: Concerns over restrictions on shipping through the Strait of Hormuz, including proposed penalties for vessels considered hostile, are raising the risk of prolonged supply disruptions. That threat has supported WTI and Brent prices and provides a bullish catalyst for USO. Oil rises on concerns over Strait of Hormuz reopening plans
• Positive Sentiment: Reports of continued conflict involving Houthi forces in Yemen and Saudi-backed forces are increasing concern about additional Middle East supply disruptions. WTI and Brent have rebounded as traders price in geopolitical risk, which is supportive of USO. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Houthis Attack Saudi-Backed Forces In Yemen
• Neutral Sentiment: Investors are awaiting the U.S. jobs report and possible progress in Middle East negotiations. The data could alter expectations for economic growth, fuel demand and Federal Reserve policy, while diplomatic developments could quickly change oil’s risk premium. Oil Ticks Higher, U.S. Futures Steady Ahead of Jobs Report
• Neutral Sentiment: Technical analysts describe crude as trapped by conflicting headlines. WTI’s ability to hold or reclaim its 200-day moving average is a key near-term signal; a failure could expose lower support levels and weigh on USO. Crude Oil Price Forecast: Reversal Tests Key Support
• Negative Sentiment: Expectations for a possible U.S.-Iran peace deal and reopening of the Strait of Hormuz are limiting oil’s gains. A credible diplomatic breakthrough could remove the supply-risk premium and pressure USO lower. Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal
• Negative Sentiment: A surprise U.S. crude-inventory build and OPEC+ plans to increase September output suggest more available supply. Those developments offset geopolitical support and are a direct headwind for WTI-linked USO. Natural Gas and Oil Forecast: OPEC+ Supply Shift, EIA Inventory Build Weigh on Crude

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.