Parker Investment Management LLC Takes $6.36 Million Position in United States Oil Fund LP $USO

Parker Investment Management LLC acquired a new position in shares of United States Oil Fund LP (NYSEARCA:USO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 50,009 shares of the company’s stock, valued at approximately $6,364,000. United States Oil Fund accounts for 1.0% of Parker Investment Management LLC’s holdings, making the stock its 16th largest holding. Parker Investment Management LLC owned approximately 0.37% of United States Oil Fund at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in United States Oil Fund by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock valued at $924,000 after acquiring an additional 187 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of United States Oil Fund by 65.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock valued at $4,842,000 after purchasing an additional 26,102 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in shares of United States Oil Fund by 4.1% in the 2nd quarter. Cresset Asset Management LLC now owns 7,736 shares of the company’s stock valued at $566,000 after purchasing an additional 303 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of United States Oil Fund in the 2nd quarter valued at $38,000. Finally, PDT Partners LLC acquired a new position in United States Oil Fund during the second quarter worth about $336,000. 67.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting United States Oil Fund

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

• Positive Sentiment: Oil prices extended gains as the U.S.-Iran conflict, Red Sea shipping risks, and warnings of possible Houthi attacks on vessels raised fears of supply disruptions. Oil Rises Amid Growing Concerns Over Supply Disruptions in Middle East
• Positive Sentiment: Brent broke above $94 a barrel and U.S. crude futures surged, reinforcing the rally in oil-linked assets such as USO. OXY, BATL, USO, UCO stocks surge premarket as Brent breaks above $94 a barrel
• Positive Sentiment: Analysts said the Middle East war is deepening the global oil deficit outlook for 2026, which supports prices in the near term. Middle East war deepens 2026 oil deficit outlook, but 2027 glut still looms
• Positive Sentiment: Oil prices also got support from fears that escalating conflict could disrupt refining and shipping flows across the Red Sea and Strait of Hormuz. Ships shun Strait of Hormuz as renewed fighting strains key oil corridor
• Neutral Sentiment: U.S. crude inventories posted an unexpected weekly build, which could temper some of the upside in oil prices if supply data continues to weaken the bullish narrative. U.S. Commercial Crude Oil Stockpiles Post Weekly Build
• Neutral Sentiment: Some reports noted that while the market is tight now, analysts still see a possible oversupply in 2027 if Gulf flows recover and U.S. output stays strong. Middle East war deepens 2026 oil deficit outlook, but 2027 glut still looms

United States Oil Fund Trading Up 2.2%

USO stock opened at $131.68 on Thursday. The stock has a market capitalization of $2.37 billion, a P/E ratio of 19.22 and a beta of -0.01. United States Oil Fund LP has a 12 month low of $65.99 and a 12 month high of $154.08. The firm has a 50-day moving average price of $124.21 and a 200-day moving average price of $110.04.

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.