United States Oil Fund LP (NYSEARCA:USO) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lessened its position in shares of United States Oil Fund LP (NYSEARCA:USOFree Report) by 75.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,186 shares of the company’s stock after selling 22,586 shares during the period. Advisory Services Network LLC’s holdings in United States Oil Fund were worth $479,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of United States Oil Fund by 8,512.4% in the 4th quarter. International Assets Investment Management LLC now owns 222,544 shares of the company’s stock valued at $14,833,000 after buying an additional 219,960 shares in the last quarter. Tower Research Capital LLC TRC raised its position in United States Oil Fund by 7,335.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 174,282 shares of the company’s stock valued at $14,092,000 after purchasing an additional 171,938 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in United States Oil Fund in the 4th quarter valued at $9,319,000. Cambridge Investment Research Advisors Inc. raised its position in United States Oil Fund by 159.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 108,286 shares of the company’s stock valued at $7,217,000 after purchasing an additional 66,530 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new stake in United States Oil Fund in the 4th quarter valued at $3,999,000.

United States Oil Fund Stock Performance

Shares of United States Oil Fund stock opened at $74.82 on Monday. The company has a market cap of $1.30 billion, a P/E ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a one year low of $60.02 and a one year high of $83.41. The firm has a fifty day moving average of $78.11 and a two-hundred day moving average of $73.26.

About United States Oil Fund

(Free Report)

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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Institutional Ownership by Quarter for United States Oil Fund (NYSEARCA:USO)

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