United States Oil Fund LP $USO Stock Holdings Reduced by WealthCare Asset Management LLC

WealthCare Asset Management LLC lessened its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 29.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,501 shares of the company’s stock after selling 10,773 shares during the period. United States Oil Fund makes up about 3.2% of WealthCare Asset Management LLC’s portfolio, making the stock its 9th biggest position. WealthCare Asset Management LLC owned approximately 0.23% of United States Oil Fund worth $3,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of USO. Sowell Financial Services LLC purchased a new position in shares of United States Oil Fund in the third quarter worth $254,000. Sepio Capital LP lifted its stake in shares of United States Oil Fund by 9.0% during the third quarter. Sepio Capital LP now owns 2,181 shares of the company’s stock worth $318,000 after buying an additional 181 shares during the period. Herold Advisors Inc. purchased a new stake in shares of United States Oil Fund during the third quarter valued at $218,000. Franchise GP Ltd purchased a new stake in shares of United States Oil Fund during the third quarter valued at $5,953,000. Finally, Roan Capital Partners grew its holdings in shares of United States Oil Fund by 16.3% during the third quarter. Roan Capital Partners now owns 16,844 shares of the company’s stock valued at $2,453,000 after buying an additional 2,358 shares during the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

United States Oil Fund Price Performance

NYSEARCA USO opened at $166.23 on Tuesday. The stock’s fifty day moving average price is $147.26 and its 200 day moving average price is $121.32. United States Oil Fund LP has a 1 year low of $65.99 and a 1 year high of $169.96. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 19.22 and a beta of 0.01.

Insider Transactions at United States Oil Fund

In other news, major shareholder Financial Lp Hrt purchased 101,212 shares of the stock in a transaction on Monday, September 14th. The stock was bought at an average price of $158.02 per share, with a total value of $15,993,520.24. Following the transaction, the insider owned 61,589 shares in the company, valued at $9,732,293.78. The trade was a -255.44% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders acquired 148,833 shares of company stock valued at $23,385,278 and sold 95,353 shares valued at $14,737,344.

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.