US Bancorp DE Has $127,000 Position in United States Oil Fund LP (NYSEARCA:USO)

US Bancorp DE boosted its position in United States Oil Fund LP (NYSEARCA:USO) by 55.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,676 shares of the company’s stock after buying an additional 600 shares during the quarter. US Bancorp DE’s holdings in United States Oil Fund were worth $127,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FFG Partners LLC grew its stake in United States Oil Fund by 2.2% in the third quarter. FFG Partners LLC now owns 76,277 shares of the company’s stock valued at $5,333,000 after purchasing an additional 1,640 shares in the last quarter. Clearline Capital LP acquired a new stake in United States Oil Fund during the 3rd quarter worth approximately $5,323,000. Savoie Capital LLC acquired a new stake in United States Oil Fund during the 3rd quarter worth approximately $3,699,000. Harvest Fund Management Co. Ltd raised its holdings in United States Oil Fund by 15.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 44,452 shares of the company’s stock valued at $3,108,000 after acquiring an additional 5,825 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in United States Oil Fund by 279,273.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,906 shares of the company’s stock valued at $2,930,000 after acquiring an additional 41,891 shares in the last quarter.

United States Oil Fund Price Performance

Shares of NYSEARCA USO opened at $72.28 on Monday. The stock has a market capitalization of $970.00 million, a PE ratio of 21.87 and a beta of 0.58. The business has a fifty day moving average price of $76.85 and a two-hundred day moving average price of $74.15. United States Oil Fund LP has a fifty-two week low of $66.02 and a fifty-two week high of $84.58.

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.