Centaurus Financial Inc. boosted its stake in United States Oil Fund LP (NYSEARCA:USO – Free 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.
More United States Oil Fund News
Here are the key news stories impacting United States Oil Fund this week:
- Positive Sentiment: Reports of attacks in the Black Sea have revived concerns about disruptions to crude supplies, lifting oil prices in early Asian trading. Oil Rises After Attacks in Black Sea
- Positive Sentiment: U.S. commercial crude inventories fell by 7.2 million barrels to 404.5 million barrels, far exceeding expectations for a 600,000-barrel decline. Tighter inventories can support WTI prices and USO. U.S. Crude Oil Stockpiles Fall More Than Expected
- Positive Sentiment: Escalating U.S.-Iran and broader Middle East hostilities continue to raise the possibility of supply interruptions, with analysts noting that Brent could challenge $100 per barrel. Oil Surges as Fresh Middle East Strikes Threaten Fragile Diplomacy
- Positive Sentiment: WTI is finding technical support near $78.56, while bullish momentum is building within a potential breakout pattern. Crude Oil Price Forecast: Bullish Momentum Builds Inside Triangle
- Neutral Sentiment: Oil prices have softened amid profit-taking and uncertainty over the next market-moving developments in the Middle East. Oil Markets Move Lower Amid Profit-Taking
- Neutral Sentiment: OPEC+ is preparing another production increase, which could limit the upside from geopolitical supply risks. OPEC+ Eyes September Hike
- Negative Sentiment: Tankers continue moving through Middle East conflict zones, easing immediate fears of a major supply blockage and prompting some of oil’s recent gains to reverse. Oil Prices Slip as Tankers Continue to Ply Middle East Conflict Zones
- Negative Sentiment: Portugal approved a 33% windfall tax on extraordinary 2026 profits of oil and refining companies, highlighting potential policy pressure on the energy sector, although the direct effect on USO is limited. Portugal Approves Windfall Tax
United States Oil Fund Stock Performance
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.
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