United States Oil Fund (NYSEARCA:USO) Major Shareholder Financial Lp Hrt Buys 43,638 Shares of Stock

United States Oil Fund LP (NYSEARCA:USO) major shareholder Financial Lp Hrt purchased 43,638 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of $155.30 per share, for a total transaction of $6,776,981.40. Following the completion of the purchase, the insider directly owned 128,543 shares of the company’s stock, valued at $19,962,727.90. The trade was a 51.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 Tuesday, September 15th, Financial Lp Hrt sold 1,218 shares of United States Oil Fund stock. The stock was sold at an average price of $160.76, for a total transaction of $195,805.68.
• 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 value 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 purchased at an average price of $154.35 per share, with a total value of $614,776.05.
• On Monday, September 14th, Financial Lp Hrt purchased 101,212 shares of United States Oil Fund stock. The stock was acquired at an average price of $158.02 per share, for a total transaction of $15,993,520.24.

United States Oil Fund Price Performance

United States Oil Fund stock traded down $0.08 during mid-day trading on Thursday, reaching $156.09. The company had a trading volume of 3,780,099 shares, compared to its average volume of 16,380,302. United States Oil Fund LP has a 1 year low of $65.99 and a 1 year high of $163.35. The company has a market capitalization of $2.44 billion, a P/E ratio of 19.22 and a beta of -0.02. The stock’s 50-day simple moving average is $131.36 and its 200-day simple moving average is $126.59.

Institutional Investors Weigh In On United States Oil Fund

Several hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in shares of United States Oil Fund by 11.6% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock valued at $142,000 after purchasing an additional 116 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in United States Oil Fund by 5.6% during the 1st quarter. International Assets Investment Management LLC now owns 2,371 shares of the company’s stock worth $294,000 after buying an additional 126 shares in the last quarter. HB Wealth Management LLC boosted its position in United States Oil Fund by 4.0% in the 1st quarter. HB Wealth Management LLC now owns 4,318 shares of the company’s stock valued at $549,000 after buying an additional 168 shares during the period. Parallel Advisors LLC acquired a new position in shares of United States Oil Fund in the first quarter worth $57,000. Finally, CoreCap Advisors LLC grew its stake in shares of United States Oil Fund by 45.4% in the second quarter. CoreCap Advisors LLC now owns 2,544 shares of the company’s stock worth $271,000 after acquiring an additional 794 shares in the last quarter. 67.47% of the stock is owned by institutional investors and hedge funds.

Key United States Oil Fund News

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

• Positive Sentiment: U.S. crude inventories declined for a third consecutive week, providing some support for oil prices. However, rising gasoline and distillate inventories suggest demand may be less robust than the headline crude draw indicates. U.S. Crude Oil Stockpiles Post Moderate Draw
• Positive Sentiment: Recent attacks and disruptions involving Saudi Arabia’s energy infrastructure, along with broader Middle East supply risks, previously pushed physical crude prices above $130 per barrel and helped propel USO to a new 52-week high. Some physical oil cargoes top $130 a barrel
• Neutral Sentiment: Major shareholder Financial Lp Hrt reported both purchases and sales of USO shares in several recent transactions. The mixed activity provides no clear directional signal, although the reported sales reduced the holder’s position. SEC ownership filing
• Negative Sentiment: Oil prices extended their decline after reports that Saudi Arabia could restore disrupted exports by offering additional cargoes through Oman. The prospect of alternative supply has reduced fears of a prolonged Middle East shortage, weighing directly on USO. Oil prices extend losses as fears of Middle East supply disruptions ease
• Negative Sentiment: The Federal Reserve’s rate hike is raising concerns about demand destruction and slower economic growth. Oil futures are in backwardation, signaling expectations for lower prices ahead, while increasing non-OPEC supply could further pressure crude and USO. The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
• Negative Sentiment: Technical analysts warn that oil’s rally may stall near major resistance around $110 per barrel, with seasonal weakness potentially limiting further upside into year-end. Why Oil Bears May Make a Stand as Prices Approach Highs

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.