Oppenheimer & Co. Inc. Acquires New Stake in United States Oil Fund LP (NYSEARCA:USO)

Oppenheimer & Co. Inc. bought a new position in shares of United States Oil Fund LP (NYSEARCA:USO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,366 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors have also added to or reduced their stakes in USO. CENTRAL TRUST Co purchased a new stake in shares of United States Oil Fund during the 3rd quarter valued at $104,000. Clear Investment Research LLC raised its position in United States Oil Fund by 44.3% during the second quarter. Clear Investment Research LLC now owns 1,589 shares of the company’s stock valued at $126,000 after purchasing an additional 488 shares in the last quarter. SG Americas Securities LLC lifted its stake in United States Oil Fund by 47.6% during the third quarter. SG Americas Securities LLC now owns 2,548 shares of the company’s stock worth $178,000 after purchasing an additional 822 shares during the last quarter. CWM LLC boosted its holdings in shares of United States Oil Fund by 134.2% in the 3rd quarter. CWM LLC now owns 2,558 shares of the company’s stock worth $179,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of United States Oil Fund during the 3rd quarter valued at about $254,000.

United States Oil Fund Stock Up 1.4 %

United States Oil Fund stock opened at $74.25 on Friday. The firm has a fifty day simple moving average of $72.90 and a two-hundred day simple moving average of $74.94. United States Oil Fund LP has a twelve month low of $63.84 and a twelve month high of $83.41. The company has a market capitalization of $1.29 billion, a PE ratio of 22.97 and a beta of 0.10.

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.