St. Johns Investment Management Company LLC Invests $110,000 in United States Oil Fund LP (NYSEARCA:USO)

St. Johns Investment Management Company LLC bought a new position in shares of United States Oil Fund LP (NYSEARCA:USO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,400 shares of the company’s stock, valued at approximately $110,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in shares of United States Oil Fund during the 4th quarter worth approximately $40,000. Vermillion & White Wealth Management Group LLC acquired a new position in United States Oil Fund in the fourth quarter valued at approximately $44,000. CWM LLC lifted its holdings in United States Oil Fund by 45.9% in the fourth quarter. CWM LLC now owns 1,192 shares of the company’s stock valued at $79,000 after acquiring an additional 375 shares during the last quarter. Arlington Trust Co LLC acquired a new position in United States Oil Fund in the fourth quarter valued at approximately $90,000. Finally, FNY Investment Advisers LLC acquired a new position in United States Oil Fund in the fourth quarter valued at approximately $99,000.

United States Oil Fund Stock Performance

USO opened at $78.75 on Thursday. United States Oil Fund LP has a one year low of $60.87 and a one year high of $83.41. The stock has a market capitalization of $1.36 billion, a PE ratio of 22.97 and a beta of 0.10. The business’s 50 day moving average price is $76.59 and its 200 day moving average price is $74.06.

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.