3,891 Shares of United States Oil Fund LP $USO Bought by Integrity Advisory Solutions LLC

Integrity Advisory Solutions LLC purchased a new stake in shares of United States Oil Fund LP (NYSEARCA:USO) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,891 shares of the company’s stock, valued at approximately $567,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp raised its stake in United States Oil Fund by 11.6% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock valued at $142,000 after purchasing an additional 116 shares in the last quarter. International Assets Investment Management LLC grew its position in United States Oil Fund by 5.6% in the first quarter. International Assets Investment Management LLC now owns 2,371 shares of the company’s stock worth $294,000 after acquiring an additional 126 shares in the last quarter. HB Wealth Management LLC increased its stake in United States Oil Fund by 4.0% in the first 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 last quarter. Sepio Capital LP lifted its stake in United States Oil Fund by 9.0% during the third quarter. Sepio Capital LP now owns 2,181 shares of the company’s stock worth $318,000 after purchasing an additional 181 shares during the last quarter. Finally, Signature Equity Partners LLC lifted its stake in United States Oil Fund by 240.6% during the third quarter. Signature Equity Partners LLC now owns 579 shares of the company’s stock worth $84,000 after purchasing an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.

More United States Oil Fund News

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

• Positive Sentiment: OPEC+ kept December output steady while maintaining its production cuts, with Iran-related disruptions adding a supply-risk premium that could support crude prices. OPEC+ Holds Output Steady, Maintains 2M BPD Cuts: ETFs in Focus
• Positive Sentiment: U.S. commercial crude inventories fell for a fifth consecutive week, and distillate stocks reached their lowest level in more than two decades—signals of tighter domestic supply that may support oil prices. U.S. Crude Oil Stockpiles Post Fifth Straight Weekly Drop
• Negative Sentiment: Physical-market conditions reportedly weakened: refiners are turning down offers and Nigerian cargoes are going unsold. The report suggests futures may still reflect geopolitical risk even as near-term demand for physical oil cools. Physical Oil Just Went From a Bidding War to a Fire Sale
• Negative Sentiment: JPMorgan said rising exports and weak demand are pushing the global oil market into surplus, a bearish outlook for crude-linked USO. JPMorgan says rising exports, weak demand push global oil market into surplus
• Negative Sentiment: Oil prices edged lower as investors awaited U.S. midterm election results, extending pressure on the fund. Oil edges down as investors await US midterm election results
• Negative Sentiment: The U.S. plans to loan about a third of its heating-oil reserve in an effort to tame prices, adding a potential source of supply and price restraint. US to loan about a third of heating oil reserve in bid to tame prices

Insider Transactions at United States Oil Fund

In other United States Oil Fund news, major shareholder Financial Lp Hrt sold 17,023 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 128,543 shares in the company, valued at $20,255,805.94. This trade represents a 11.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders purchased 148,833 shares of company stock valued at $23,385,278 and sold 95,353 shares valued at $14,737,344.

United States Oil Fund Trading Down 8.1%

Shares of United States Oil Fund stock opened at $145.41 on Thursday. The firm has a market capitalization of $1.66 billion, a PE ratio of 19.22 and a beta of -0.05. United States Oil Fund LP has a 12 month low of $65.99 and a 12 month high of $171.82. The business’s 50-day moving average price is $151.43 and its 200-day moving average price is $124.47.

United States Oil Fund 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.