Global Endowment Management LP Purchases New Position in United States Oil Fund LP $USO

Global Endowment Management LP purchased a new stake in United States Oil Fund LP (NYSEARCA:USO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,000 shares of the company’s stock, valued at approximately $346,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its position in United States Oil Fund by 1.6% during the first quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock worth $924,000 after purchasing an additional 187 shares during the period. HB Wealth Management LLC boosted its position in United States Oil Fund by 5.5% during the fourth quarter. HB Wealth Management LLC now owns 4,150 shares of the company’s stock worth $287,000 after purchasing an additional 216 shares during the period. Clear Investment Research LLC boosted its position in United States Oil Fund by 14.1% during the third quarter. Clear Investment Research LLC now owns 1,992 shares of the company’s stock worth $147,000 after purchasing an additional 246 shares during the period. Scotia Capital Inc. boosted its position in United States Oil Fund by 6.5% during the third quarter. Scotia Capital Inc. now owns 4,562 shares of the company’s stock worth $336,000 after purchasing an additional 278 shares during the period. Finally, Headlands Technologies LLC boosted its position in United States Oil Fund by 26.1% during the second quarter. Headlands Technologies LLC now owns 1,407 shares of the company’s stock worth $103,000 after purchasing an additional 291 shares during the period. Institutional investors own 67.47% of the company’s stock.

United States Oil Fund Stock Down 2.6%

Shares of United States Oil Fund stock opened at $125.43 on Friday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 19.22 and a beta of -0.04. The stock has a 50 day moving average price of $135.28 and a two-hundred day moving average price of $101.13. United States Oil Fund LP has a 12-month low of $65.99 and a 12-month high of $154.08.

Key United States Oil Fund News

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

• Positive Sentiment: Geopolitical risk remains elevated, and earlier headlines about Iran threatening the Strait of Hormuz and U.S. military assistance in moving oil out of the Persian Gulf could still support crude prices if tensions flare again.
• Positive Sentiment: Some reports suggest Gulf exports may be more resilient than feared, which could reduce the odds of a severe supply shock and help limit extreme volatility in oil markets. Article Title
• Neutral Sentiment: CME plans to offer 24/7 gold and oil trading, a market-structure change that could improve access and liquidity over time, but it is not an immediate driver of USO’s price. Article Title
• Neutral Sentiment: Goldman Sachs cut its 2027 Brent forecast on supply growth and demand concerns, reinforcing a softer longer-term oil backdrop even as near-term prices remain driven by headlines. Article Title
• Negative Sentiment: Multiple reports say crude prices are falling on hopes of a U.S.-Iran deal and a reduced chance of broader conflict, which is the main reason USO is under pressure today. Article Title
• Negative Sentiment: Broader energy-demand headlines are also bearish, including OPEC’s lowered demand-growth forecasts and reports that investors are pulling back from the oil market at a record pace. Article Title

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.