Rockefeller Capital Management L.P. Has $495,000 Stock Holdings in United States Oil Fund LP $USO

Rockefeller Capital Management L.P. trimmed its holdings in United States Oil Fund LP (NYSEARCA:USO) by 70.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,158 shares of the company’s stock after selling 16,915 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in United States Oil Fund were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USO. Raymond James Financial Inc. bought a new stake in United States Oil Fund during the 2nd quarter worth about $38,000. PNC Financial Services Group Inc. bought a new position in shares of United States Oil Fund in the fourth quarter worth about $48,000. Advisory Services Network LLC acquired a new position in shares of United States Oil Fund during the third quarter worth approximately $57,000. Ancora Advisors LLC lifted its position in shares of 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 purchasing an additional 690 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of United States Oil Fund by 26.1% during the second quarter. Headlands Technologies LLC now owns 1,407 shares of the company’s stock valued at $103,000 after purchasing an additional 291 shares during the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

Trending Headlines about United States Oil Fund

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

• Positive Sentiment: Oil prices have shown some stabilization and modest rebounds from multi-month lows, helped at times by quiet holiday trading and signs of bargain hunting. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Move Away from Multi-Month Lows
• Positive Sentiment: Some traders are still betting on a near-term bounce in crude, with technical support levels holding in the market. Crude Oil Price Forecast: Key Support Test May Revive Bull Trend
• Positive Sentiment: Oil briefly firmed ahead of the long U.S. weekend as peace efforts in the Middle East kept some supply-risk premium in the market. Oil up slightly ahead long US weekend as peace efforts hold
• Neutral Sentiment: Canada and Alberta announced a new pipeline plan that could eventually improve export capacity, but the impact on near-term U.S. oil prices is limited. Canada, Alberta announce new west coast oil pipeline to boost exports
• Negative Sentiment: Reuters reported that OPEC output jumped in June as Gulf producers revived supply, adding to concerns that the market is becoming oversupplied. OPEC oil output jumps in June as Gulf producers begin reviving supply, Reuters survey shows
• Negative Sentiment: Brent’s forward curve weakened further as a prompt supply glut emerged, reflecting more barrels flowing through the Strait of Hormuz and easing disruption concerns. Brent oil curve weakens further as prompt supply glut swamps market
• Negative Sentiment: U.S. oil companies are preparing for strong profits, but that has also intensified political pressure from President Trump to push gasoline prices lower, which could weigh on sentiment toward the sector. US oil companies see big profit jump, gird for clash over pump prices with Trump
• Negative Sentiment: Traders are increasingly betting crude could fall to a five-month low in July, signaling downside risk for USO if WTI weakens further. Traders bet oil could sink to a five-month low in July
• Negative Sentiment: Additional reports said oil fell as supply-disruption fears continued to ease and as U.S.-Iran talks showed progress, both of which reduce the risk premium in crude. Oil Falls as Supply-Disruption Concerns Continue to Ease

United States Oil Fund Price Performance

Shares of United States Oil Fund stock opened at $103.98 on Monday. The firm has a market cap of $1.73 billion, a P/E ratio of 19.22 and a beta of -0.01. The firm has a 50 day simple moving average of $129.79 and a 200 day simple moving average of $105.56. United States Oil Fund LP has a fifty-two week low of $65.99 and a fifty-two week high of $154.08.

United States Oil Fund Company 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.