Franchise GP Ltd Buys New Position in United States Oil Fund LP $USO

Franchise GP Ltd purchased a new position in United States Oil Fund LP (NYSEARCA:USO) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 40,870 shares of the company’s stock, valued at approximately $5,953,000. United States Oil Fund makes up 2.5% of Franchise GP Ltd’s investment portfolio, making the stock its 14th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of United States Oil Fund by 11.6% during the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $142,000 after acquiring an additional 116 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in United States Oil Fund by 5.6% during the 1st quarter. International Assets Investment Management LLC now owns 2,371 shares of the company’s stock valued at $294,000 after acquiring an additional 126 shares during the period. HB Wealth Management LLC boosted its holdings in United States Oil Fund by 4.0% during the 1st quarter. HB Wealth Management LLC now owns 4,318 shares of the company’s stock valued at $549,000 after acquiring an additional 168 shares during the period. Parallel Advisors LLC bought a new position in United States Oil Fund in the 1st quarter valued at $57,000. Finally, CoreCap Advisors LLC grew its position in United States Oil Fund by 45.4% in the 2nd quarter. CoreCap Advisors LLC now owns 2,544 shares of the company’s stock valued at $271,000 after acquiring an additional 794 shares during the last quarter. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United States Oil Fund

In other news, major shareholder Financial Lp Hrt sold 17,023 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $157.58, for a total transaction of $2,682,484.34. Following the completion of the sale, the insider directly owned 128,543 shares of the company’s stock, valued at approximately $20,255,805.94. The trade was a 11.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders acquired 148,833 shares of company stock worth $23,385,278 and sold 95,353 shares worth $14,737,344.

More United States Oil Fund News

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

• Positive Sentiment: U.S. commercial crude inventories fell by 8.6 million barrels in the latest week, significantly tightening the near-term supply picture. Lower production and imports, combined with stronger refinery utilization, helped support WTI prices. U.S. Crude Oil Stockpiles Post Large Weekly Drop
• Positive Sentiment: Attacks and shipping disruptions near the Strait of Hormuz continue to raise the risk of additional supply interruptions and higher transportation costs. Analysts cited the inventory draw and geopolitical tensions as potential catalysts for WTI to challenge the $98.23 level and eventually approach $100. Natural Gas and Oil Forecast: 8.6M Barrel Draw, Hormuz Risk, Can WTI Break $98.23?
• Positive Sentiment: Technical momentum has improved, with WTI breaking out of a falling-wedge pattern and moving averages supporting the bullish reversal. This improves the near-term outlook for oil-linked funds such as USO. WTI Price Forecast: Crude Oil Targets $100 as Bullish Momentum Builds
• Neutral Sentiment: Oil traders are balancing the supply risks against the International Energy Agency’s plan to accelerate releases from emergency stockpiles, including more than 20 million barrels of diesel and a total release expected to exceed 400 million barrels. The releases could limit price gains if they reach markets quickly. IEA says total oil stock release will exceed 400 million barrels
• Negative Sentiment: Possible U.S. sanctions relief for “shadow fleet” tankers, improving Middle East supply flows, and Saudi Aramco’s offer of additional European cargoes could reduce freight costs and ease concerns about crude availability. These developments contributed to recent downward pressure on oil prices. Oil edges down as investors weigh possible US sanctions on shadow fleet

United States Oil Fund Stock Up 2.4%

Shares of United States Oil Fund stock opened at $157.31 on Friday. The stock’s fifty day moving average is $142.29 and its two-hundred day moving average is $132.54. United States Oil Fund LP has a 52 week low of $65.99 and a 52 week high of $163.35. The company has a market capitalization of $1.92 billion, a PE ratio of 19.22 and a beta of 0.01.

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.