Truist Financial Corp Purchases 645 Shares of United States Oil Fund LP (NYSEARCA:USO)

Truist Financial Corp raised its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,842 shares of the company’s stock after purchasing an additional 645 shares during the period. Truist Financial Corp owned approximately 0.06% of United States Oil Fund worth $819,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in United States Oil Fund during the 3rd quarter valued at about $31,000. St. Johns Investment Management Company LLC acquired a new position in United States Oil Fund during the 4th quarter valued at about $97,000. Foundations Investment Advisors LLC purchased a new position in shares of United States Oil Fund in the 4th quarter worth approximately $219,000. Oppenheimer & Co. Inc. purchased a new position in shares of United States Oil Fund in the 3rd quarter worth approximately $235,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of United States Oil Fund in the 3rd quarter worth approximately $254,000.

United States Oil Fund Stock Down 0.1 %

Shares of NYSEARCA USO opened at $75.22 on Friday. United States Oil Fund LP has a twelve month low of $66.02 and a twelve month high of $84.58. The stock’s 50 day moving average price is $77.41 and its 200-day moving average price is $74.40. The company has a market capitalization of $1.29 billion, a PE ratio of 22.43 and a beta of 0.62.

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.