Centaurus Financial Inc. Raises Stock Position in United States Oil Fund LP $USO

Centaurus Financial Inc. raised its position in United States Oil Fund LP (NYSEARCA:USOFree Report) by 367.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,015 shares of the company’s stock after purchasing an additional 11,015 shares during the quarter. Centaurus Financial Inc.’s holdings in United States Oil Fund were worth $1,783,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of United States Oil Fund during the 2nd quarter valued at approximately $38,000. PNC Financial Services Group Inc. purchased a new position in United States Oil Fund in the fourth quarter worth approximately $48,000. Advisory Services Network LLC purchased a new position in United States Oil Fund in the third quarter worth approximately $57,000. Parallel Advisors LLC acquired a new stake in United States Oil Fund during the first quarter worth $57,000. Finally, Ancora Advisors LLC increased its stake in United States Oil Fund by 100.0% during the third quarter. Ancora Advisors LLC now owns 1,380 shares of the company’s stock worth $102,000 after acquiring an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.

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United States Oil Fund Stock Down 1.4%

NYSEARCA:USO opened at $127.48 on Friday. United States Oil Fund LP has a 52 week low of $65.99 and a 52 week high of $154.08. The company has a market capitalization of $2.17 billion, a P/E ratio of 19.22 and a beta of -0.01. The stock’s fifty day moving average is $122.17 and its two-hundred day moving average is $112.58.

United States Oil Fund Company Profile

(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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Institutional Ownership by Quarter for United States Oil Fund (NYSEARCA:USO)

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