Indie Asset Partners LLC Acquires New Holdings in United States Oil Fund LP $USO

Indie Asset Partners LLC bought a new position in shares of United States Oil Fund LP (NYSEARCA:USO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,552 shares of the company’s stock, valued at approximately $2,113,000. United States Oil Fund makes up 2.4% of Indie Asset Partners LLC’s investment portfolio, making the stock its 9th biggest holding.

Other large investors have also bought and sold shares of the company. Activest Wealth Management bought a new stake in United States Oil Fund during the 3rd quarter worth approximately $28,000. Raymond James Financial Inc. bought a new stake in United States Oil Fund during the 2nd quarter worth approximately $38,000. Advisory Services Network LLC bought a new stake in United States Oil Fund during the 3rd quarter worth approximately $57,000. Global Retirement Partners LLC increased its stake in United States Oil Fund by 22.8% during the 3rd quarter. Global Retirement Partners LLC now owns 1,132 shares of the company’s stock worth $83,000 after purchasing an additional 210 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in United States Oil Fund by 100.0% during the 3rd quarter. Ancora Advisors LLC now owns 1,380 shares of the company’s stock worth $102,000 after purchasing an additional 690 shares in the last quarter. 67.47% of the stock is owned by institutional investors.

More United States Oil Fund News

Here are the key news stories impacting United States Oil Fund this week:

• Positive Sentiment: Ongoing U.S.-Iran hostilities and Strait of Hormuz risks have supported crude prices, which can lift USO as traders worry about supply disruptions. US oil prices jump on US-Iran hostilities
• Positive Sentiment: Shell’s CEO said the oil market remains short nearly 1 billion barrels, underscoring tight supply conditions that can keep oil prices elevated. Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
• Neutral Sentiment: Several market updates say crude is searching for a trading range, suggesting volatility remains high but direction is still uncertain. Crude Oil Weekly Price Analysis – Oil Continues to Search for Stability
• Neutral Sentiment: Market themes around commodities and alternative energy remain supportive of the broader energy complex, but they do not directly change near-term oil prices. 3 Market Themes Driving Stocks Right Now: AI, Alt Energy and Commodities
• Negative Sentiment: Oil prices retreated as traders wagered the U.S. may not restart military action against Iran, reducing the chance of a prolonged supply shock. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats While Traders Wait For Iran’s Comments
• Negative Sentiment: Reports of peace hopes and a fragile cease-fire weighed on crude, which would pressure USO if those expectations hold. Oil Prices Drop Further. What Comes Next in U.S.-Iran Peace Talks.

United States Oil Fund Stock Performance

NYSEARCA USO opened at $133.59 on Friday. The business has a 50 day simple moving average of $120.09 and a 200 day simple moving average of $89.13. United States Oil Fund LP has a 52-week low of $65.87 and a 52-week high of $151.63. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 19.22 and a beta of 0.01.

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.