United States Oil Fund LP (NYSEARCA:USO – Get Free Report)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $148.41, but opened at $142.55. United States Oil Fund shares last traded at $143.93, with a volume of 1,852,415 shares trading hands.
United States Oil Fund Price Performance
The firm’s 50 day moving average price is $152.22 and its two-hundred day moving average price is $125.24. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 19.22 and a beta of -0.05.
Insider Buying and Selling
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 stock was sold at an average price of $157.58, for a total transaction of $2,682,484.34. Following the completion of the sale, the insider directly owned 128,543 shares of the company’s stock, valued at approximately $20,255,805.94. This trade represents a 11.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders purchased 148,833 shares of company stock worth $23,385,278 and sold 95,353 shares worth $14,737,344.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC purchased a new stake in United States Oil Fund in the 1st quarter valued at approximately $57,000. Signature Equity Partners LLC raised its stake in shares of United States Oil Fund by 240.6% during the 3rd quarter. Signature Equity Partners LLC now owns 579 shares of the company’s stock worth $84,000 after buying an additional 409 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of United States Oil Fund by 11.6% during the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $142,000 after buying an additional 116 shares in the last quarter. Greenfield Seitz Capital Management LLC acquired a new stake in shares of United States Oil Fund in the 3rd quarter valued at approximately $216,000. Finally, Herold Advisors Inc. acquired a new stake in shares of United States Oil Fund in the 3rd quarter valued at approximately $218,000. Institutional investors and hedge funds own 67.47% of the company’s stock.
About United States Oil Fund
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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