Indie Asset Partners LLC Invests $2.11 Million in United States Oil Fund LP $USO

Indie Asset Partners LLC bought a new position in shares of United States Oil Fund LP (NYSEARCA:USO) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 30,552 shares of the company’s stock, valued at approximately $2,113,000. United States Oil Fund accounts for approximately 2.4% of Indie Asset Partners LLC’s holdings, making the stock its 9th biggest holding. Indie Asset Partners LLC owned about 0.20% of United States Oil Fund at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of USO. Davidson Kempner Capital Management LP acquired a new position in shares of United States Oil Fund during the 3rd quarter worth about $3,478,000. Flow Traders U.S. LLC acquired a new position in shares of United States Oil Fund during the 3rd quarter worth about $3,062,000. Compass Wealth Management LLC acquired a new position in shares of United States Oil Fund during the 3rd quarter worth about $2,709,000. JPMorgan Chase & Co. grew its position in shares of United States Oil Fund by 65.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock worth $4,842,000 after buying an additional 26,102 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of United States Oil Fund during the 3rd quarter worth about $1,138,000. 67.47% of the stock is currently owned by institutional investors and hedge funds.

More United States Oil Fund News

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

• Positive Sentiment: Ongoing U.S.-Iran hostilities and Strait of Hormuz risks have supported crude prices, which can lift USO as traders worry about supply disruptions. US oil prices jump on US-Iran hostilities
• Positive Sentiment: Shell’s CEO said the oil market remains short nearly 1 billion barrels, underscoring tight supply conditions that can keep oil prices elevated. Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
• Neutral Sentiment: Several market updates say crude is searching for a trading range, suggesting volatility remains high but direction is still uncertain. Crude Oil Weekly Price Analysis – Oil Continues to Search for Stability
• Neutral Sentiment: Market themes around commodities and alternative energy remain supportive of the broader energy complex, but they do not directly change near-term oil prices. 3 Market Themes Driving Stocks Right Now: AI, Alt Energy and Commodities
• Negative Sentiment: Oil prices retreated as traders wagered the U.S. may not restart military action against Iran, reducing the chance of a prolonged supply shock. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats While Traders Wait For Iran’s Comments
• Negative Sentiment: Reports of peace hopes and a fragile cease-fire weighed on crude, which would pressure USO if those expectations hold. Oil Prices Drop Further. What Comes Next in U.S.-Iran Peace Talks.

United States Oil Fund Trading Down 1.0%

United States Oil Fund stock opened at $133.59 on Friday. The firm has a market capitalization of $1.81 billion, a P/E ratio of 19.22 and a beta of 0.01. United States Oil Fund LP has a 1 year low of $65.87 and a 1 year high of $151.63. The business has a 50-day moving average of $120.09 and a 200-day moving average of $89.13.

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.