MSH Capital Advisors LLC Purchases 7,039 Shares of United States Oil Fund LP $USO

MSH Capital Advisors LLC acquired a new stake in shares of United States Oil Fund LP (NYSEARCA:USO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,039 shares of the company’s stock, valued at approximately $1,025,000. MSH Capital Advisors LLC owned 0.06% of United States Oil Fund at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of United States Oil Fund in the 1st quarter valued at about $57,000. Signature Equity Partners LLC raised its stake in United States Oil Fund by 240.6% during the 3rd quarter. Signature Equity Partners LLC now owns 579 shares of the company’s stock worth $84,000 after buying an additional 409 shares during the period. Fifth Third Bancorp raised its stake in United States Oil Fund by 11.6% during the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $142,000 after buying an additional 116 shares during the period. Greenfield Seitz Capital Management LLC bought a new position in United States Oil Fund in the third quarter worth approximately $216,000. Finally, Herold Advisors Inc. bought a new position in United States Oil Fund in the third quarter worth approximately $218,000. Institutional investors own 67.47% of the company’s stock.

United States Oil Fund Stock Down 0.3%

NYSEARCA:USO traded down $0.49 on Friday, hitting $145.58. The stock had a trading volume of 1,959,574 shares, compared to its average volume of 14,325,961. United States Oil Fund LP has a 52 week low of $65.99 and a 52 week high of $171.82. The business’s fifty day moving average is $152.81 and its 200 day moving average is $126.98. The company has a market cap of $2.13 billion, a PE ratio of 19.22 and a beta of -0.05.

Latest United States Oil Fund News

Here’s some of the latest news about USO:

• Positive Sentiment: Attacks on Saudi energy infrastructure and disruptions to shipping through the Strait of Hormuz renewed concerns about supply, helping crude prices rebound at points. Continued uncertainty over the Iran conflict and blockade also supports an oil-risk premium. Oil News: WTI and Brent Rise as Hormuz Shipping Disruptions Renew Supply Fears
• Negative Sentiment: The International Energy Agency expects the global oil market to return to surplus in the fourth quarter as Gulf exports recover. It also said releases from emergency stocks will increase through February, adding to supply concerns. A surplus outlook could pressure the crude futures USO tracks. World oil market is returning to surplus as Gulf exports recover, IEA says
• Negative Sentiment: Technical analysis cited continued bearish pressure after WTI fell below its 200-day moving average, while a double-top pattern raised downside risk. Hopes for diplomacy have also contributed to oil’s recent declines. WTI Price Forecast: Bearish Breakdown Raises Downside Risk

Insider Buying and Selling at United States Oil Fund

In other news, major shareholder Financial Lp Hrt bought 101,212 shares of the stock in a transaction dated Monday, September 14th. The shares were bought at an average cost of $158.02 per share, with a total value of $15,993,520.24. Following the completion of the transaction, the insider directly owned 61,589 shares of the company’s stock, valued at $9,732,293.78. This trade represents a -255.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders purchased 148,833 shares of company stock worth $23,385,278 and sold 95,353 shares worth $14,737,344.

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.