144,076 Shares in United States Oil Fund LP $USO Purchased by Hamilton Wealth LLC

Hamilton Wealth LLC bought a new position in shares of United States Oil Fund LP (NYSEARCA:USO) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 144,076 shares of the company’s stock, valued at approximately $18,334,000. United States Oil Fund makes up 3.5% of Hamilton Wealth LLC’s portfolio, making the stock its 11th largest position.

A number of other institutional investors have also added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd raised its holdings in shares of United States Oil Fund by 33.9% in the 4th 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. Bank of America Corp DE boosted its stake in shares of United States Oil Fund by 117.1% during the first quarter. Bank of America Corp DE now owns 143,881 shares of the company’s stock valued at $18,309,000 after purchasing an additional 77,617 shares in the last quarter. Caption Management LLC bought a new position in shares of United States Oil Fund during the fourth quarter valued at approximately $5,201,000. JPMorgan Chase & Co. increased its holdings in United States Oil Fund by 65.1% during the second quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock valued at $4,842,000 after buying an additional 26,102 shares during the period. Finally, Parker Investment Management LLC purchased a new position in United States Oil Fund during the first quarter valued at approximately $6,364,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.

Key United States Oil Fund News

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

• Positive Sentiment: Strait of Hormuz disruption raises supply concerns: Oil prices rose after Iran said it stopped two vessels attempting to leave the Strait of Hormuz. The incident, following a drone attack on ships at an Egyptian Mediterranean port, increased concerns about potential disruptions to global energy supplies. Oil price rises after Iran says it stops ships in Hormuz
• Positive Sentiment: Oil rebounds from session lows: WTI and Brent moved higher from intraday lows as traders remained cautious ahead of the weekend and monitored escalating Middle East tensions. Oil rebounds from session lows as traders stay cautious ahead of the weekend
• Positive Sentiment: Persistent Middle East supply risk supports crude: Analysts continue to cite constrained Gulf exports, maritime transit risks and broader regional conflict as potential catalysts for higher WTI and Brent prices, with Brent potentially testing $100. Oil Price Forecast: WTI Rebounds as Brent Eyes $100 Amid Supply Risks
• Neutral Sentiment: Market remains technically uncertain: WTI has found support near $78.56 and bullish momentum is building, but a symmetrical triangle leaves the direction of the next breakout unclear. Crude Oil Price Forecast: Bullish Momentum Builds Inside Triangle
• Negative Sentiment: Improving Hormuz traffic eases the supply premium: Reports that crude flows through the Strait recovered to roughly 30%–35% of pre-war levels pressured prices, as did continued tanker activity through conflict zones. Oil prices ease as recovering Hormuz Strait traffic tempers war premium
• Negative Sentiment: U.S. production and demand declined in May: EIA data showed U.S. crude output fell about 2% from April’s record to approximately 13.71 million barrels per day, while demand also decreased. The weaker domestic activity is a mixed-to-negative signal for near-term oil consumption. US oil output and demand fell in May, EIA says
• Negative Sentiment: Profit-taking is restraining prices: Traders have taken profits after the recent rally and are awaiting clearer developments in the Middle East, creating near-term downside pressure for oil-linked funds. Oil markets move lower amid profit-taking

United States Oil Fund Price Performance

Shares of NYSEARCA:USO opened at $129.17 on Monday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 19.22 and a beta of -0.01. United States Oil Fund LP has a 52 week low of $65.99 and a 52 week high of $154.08. The firm has a 50 day moving average of $121.94 and a 200 day moving average of $112.99.

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.