50,009 Shares in United States Oil Fund LP $USO Bought by Parker Investment Management LLC

Parker Investment Management LLC bought a new stake in United States Oil Fund LP (NYSEARCA:USO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 50,009 shares of the company’s stock, valued at approximately $6,364,000. United States Oil Fund comprises approximately 1.0% of Parker Investment Management LLC’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of United States Oil Fund by 1.6% during the first quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock worth $924,000 after purchasing an additional 187 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 26,102 shares during the last quarter. Cresset Asset Management LLC raised its holdings in 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 buying an additional 303 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in United States Oil Fund during the 2nd quarter worth approximately $38,000. Finally, PDT Partners LLC acquired a new stake in United States Oil Fund during the 2nd quarter worth approximately $336,000. 67.47% of the stock is owned by institutional investors and hedge funds.

United States Oil Fund Price Performance

USO opened at $131.68 on Thursday. United States Oil Fund LP has a fifty-two week low of $65.99 and a fifty-two week high of $154.08. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 19.22 and a beta of -0.01. The company’s 50 day moving average price is $124.21 and its two-hundred day moving average price is $110.04.

Key Stories 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

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.