Arkadios Wealth Advisors Makes New $5.33 Million Investment in United States Oil Fund LP $USO

Arkadios Wealth Advisors acquired a new position in United States Oil Fund LP (NYSEARCA:USO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 41,855 shares of the company’s stock, valued at approximately $5,326,000. Arkadios Wealth Advisors owned about 0.31% of United States Oil Fund at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in United States Oil Fund by 1.6% in the first quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock worth $924,000 after acquiring an additional 187 shares during the period. JPMorgan Chase & Co. grew its position in shares of United States Oil Fund by 65.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock valued at $4,842,000 after acquiring an additional 26,102 shares during the period. Cresset Asset Management LLC grew its position in shares of United States Oil Fund by 4.1% during the 2nd quarter. Cresset Asset Management LLC now owns 7,736 shares of the company’s stock valued at $566,000 after acquiring an additional 303 shares during the period. Raymond James Financial Inc. bought a new position in shares of United States Oil Fund in the second quarter worth about $38,000. Finally, PDT Partners LLC bought a new stake in United States Oil Fund during the 2nd quarter worth approximately $336,000. 67.47% of the stock is currently owned by institutional investors.

United States Oil Fund News Roundup

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

• Positive Sentiment: Strait of Hormuz disruption raises supply concerns: Oil prices rose after Iran said it stopped two vessels attempting to leave the Strait of Hormuz. The incident, following a drone attack on ships at an Egyptian Mediterranean port, increased concerns about potential disruptions to global energy supplies. Oil price rises after Iran says it stops ships in Hormuz
• Positive Sentiment: Oil rebounds from session lows: WTI and Brent moved higher from intraday lows as traders remained cautious ahead of the weekend and monitored escalating Middle East tensions. Oil rebounds from session lows as traders stay cautious ahead of the weekend
• Positive Sentiment: Persistent Middle East supply risk supports crude: Analysts continue to cite constrained Gulf exports, maritime transit risks and broader regional conflict as potential catalysts for higher WTI and Brent prices, with Brent potentially testing $100. Oil Price Forecast: WTI Rebounds as Brent Eyes $100 Amid Supply Risks
• Neutral Sentiment: Market remains technically uncertain: WTI has found support near $78.56 and bullish momentum is building, but a symmetrical triangle leaves the direction of the next breakout unclear. Crude Oil Price Forecast: Bullish Momentum Builds Inside Triangle
• Negative Sentiment: Improving Hormuz traffic eases the supply premium: Reports that crude flows through the Strait recovered to roughly 30%–35% of pre-war levels pressured prices, as did continued tanker activity through conflict zones. Oil prices ease as recovering Hormuz Strait traffic tempers war premium
• Negative Sentiment: U.S. production and demand declined in May: EIA data showed U.S. crude output fell about 2% from April’s record to approximately 13.71 million barrels per day, while demand also decreased. The weaker domestic activity is a mixed-to-negative signal for near-term oil consumption. US oil output and demand fell in May, EIA says
• Negative Sentiment: Profit-taking is restraining prices: Traders have taken profits after the recent rally and are awaiting clearer developments in the Middle East, creating near-term downside pressure for oil-linked funds. Oil markets move lower amid profit-taking

United States Oil Fund Stock Performance

USO opened at $129.17 on Friday. The firm’s fifty day moving average is $121.94 and its 200 day moving average is $112.70. United States Oil Fund LP has a fifty-two week low of $65.99 and a fifty-two week high of $154.08. The stock has a market cap of $1.97 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.