Centaurus Financial Inc. Has $1.78 Million Stock Holdings in United States Oil Fund LP $USO

Centaurus Financial Inc. boosted its stake in United States Oil Fund LP (NYSEARCA:USOFree Report) by 367.2% in the 1st quarter, according to the company in its most recent 13F 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 period. Centaurus Financial Inc. owned about 0.10% of United States Oil Fund worth $1,783,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. acquired a new stake in United States Oil Fund in the 1st quarter valued at about $1,749,000. Harvest Fund Management Co. Ltd grew its position in shares of 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 in the last quarter. Indie Asset Partners LLC purchased a new stake in shares of United States Oil Fund in the fourth quarter valued at approximately $2,113,000. Silver Oak Securities Incorporated acquired a new stake in shares of United States Oil Fund in the first quarter valued at approximately $2,051,000. Finally, Global Endowment Management LP acquired a new stake in shares of United States Oil Fund in the fourth quarter valued at approximately $346,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

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United States Oil Fund Stock Performance

Shares of United States Oil Fund stock opened at $127.48 on Friday. United States Oil Fund LP has a one year low of $65.99 and a one year high of $154.08. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 19.22 and a beta of -0.01. The business’s 50 day moving average price is $122.17 and its 200 day moving average price 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

Want to see what other hedge funds are holding USO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Oil Fund LP (NYSEARCA:USOFree Report).

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

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