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

United States Oil Fund LP (NYSEARCA:USO) major shareholder Financial Lp Hrt purchased 43,638 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were bought at an average price of $155.30 per share, for a total transaction of $6,776,981.40. Following the acquisition, the insider owned 128,543 shares in the company, valued at $19,962,727.90. This trade represents a 51.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares 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 shares were 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 value of $195,805.68.
• On Friday, September 11th, Financial Lp Hrt sold 77,112 shares of United States Oil Fund stock. The stock was sold at an average price of $153.79, for a total transaction of $11,859,054.48.
• On Friday, September 11th, Financial Lp Hrt bought 3,983 shares of United States Oil Fund stock. The stock was purchased at an average cost of $154.35 per share, for a total transaction of $614,776.05.
• On Monday, September 14th, Financial Lp Hrt purchased 101,212 shares of United States Oil Fund stock. The stock was purchased at an average price of $158.02 per share, with a total value of $15,993,520.24.

United States Oil Fund Stock Down 0.1%

NYSEARCA USO traded down $0.08 on Thursday, hitting $156.09. 3,780,099 shares of the stock were exchanged, compared to its average volume of 16,380,302. United States Oil Fund LP has a fifty-two week low of $65.99 and a fifty-two week high of $163.35. The company has a market cap of $2.44 billion, a PE ratio of 19.22 and a beta of -0.02. The company has a 50-day moving average price of $131.36 and a 200-day moving average price of $126.59.

United States Oil Fund News Summary

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

Hedge Funds Weigh In On United States Oil Fund

Large investors have recently bought and sold shares of the business. Hamilton Wealth LLC acquired a new position in shares of United States Oil Fund during the 1st quarter worth about $55,001,000. Harvest Fund Management Co. Ltd increased its stake in United States Oil Fund by 33.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock valued at $17,030,000 after purchasing an additional 60,569 shares during the last quarter. Bank of America Corp DE raised its holdings in United States Oil Fund by 117.1% during the first quarter. Bank of America Corp DE now owns 143,881 shares of the company’s stock worth $18,309,000 after purchasing an additional 77,617 shares in the last quarter. Caption Management LLC purchased a new stake in shares of United States Oil Fund during the 4th quarter worth approximately $5,201,000. Finally, Parker Investment Management LLC acquired a new position in shares of United States Oil Fund in the 1st quarter valued at $6,364,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.

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.