Rockefeller Capital Management L.P. Has $495,000 Stake in United States Oil Fund LP $USO

Rockefeller Capital Management L.P. trimmed its stake in United States Oil Fund LP (NYSEARCA:USO) by 70.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,158 shares of the company’s stock after selling 16,915 shares during the period. Rockefeller Capital Management L.P. owned about 0.05% of United States Oil Fund worth $495,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of USO. Harvest Fund Management Co. Ltd lifted its holdings in United States Oil Fund by 33.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock valued at $17,030,000 after purchasing an additional 60,569 shares during the last quarter. Indie Asset Partners LLC bought a new stake in United States Oil Fund during the fourth quarter worth about $2,113,000. Global Endowment Management LP bought a new stake in United States Oil Fund during the fourth quarter worth about $346,000. Caption Management LLC acquired a new stake in shares of United States Oil Fund during the fourth quarter worth approximately $5,201,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of United States Oil Fund during the third quarter worth approximately $3,062,000. 67.47% of the stock is currently owned by institutional investors and hedge funds.

More United States Oil Fund News

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

• Positive Sentiment: Oil prices have shown some stabilization and modest rebounds from multi-month lows, helped at times by quiet holiday trading and signs of bargain hunting. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Move Away from Multi-Month Lows
• Positive Sentiment: Some traders are still betting on a near-term bounce in crude, with technical support levels holding in the market. Crude Oil Price Forecast: Key Support Test May Revive Bull Trend
• Positive Sentiment: Oil briefly firmed ahead of the long U.S. weekend as peace efforts in the Middle East kept some supply-risk premium in the market. Oil up slightly ahead long US weekend as peace efforts hold
• Neutral Sentiment: Canada and Alberta announced a new pipeline plan that could eventually improve export capacity, but the impact on near-term U.S. oil prices is limited. Canada, Alberta announce new west coast oil pipeline to boost exports
• Negative Sentiment: Reuters reported that OPEC output jumped in June as Gulf producers revived supply, adding to concerns that the market is becoming oversupplied. OPEC oil output jumps in June as Gulf producers begin reviving supply, Reuters survey shows
• Negative Sentiment: Brent’s forward curve weakened further as a prompt supply glut emerged, reflecting more barrels flowing through the Strait of Hormuz and easing disruption concerns. Brent oil curve weakens further as prompt supply glut swamps market
• Negative Sentiment: U.S. oil companies are preparing for strong profits, but that has also intensified political pressure from President Trump to push gasoline prices lower, which could weigh on sentiment toward the sector. US oil companies see big profit jump, gird for clash over pump prices with Trump
• Negative Sentiment: Traders are increasingly betting crude could fall to a five-month low in July, signaling downside risk for USO if WTI weakens further. Traders bet oil could sink to a five-month low in July
• Negative Sentiment: Additional reports said oil fell as supply-disruption fears continued to ease and as U.S.-Iran talks showed progress, both of which reduce the risk premium in crude. Oil Falls as Supply-Disruption Concerns Continue to Ease

United States Oil Fund Stock Performance

NYSEARCA:USO opened at $103.98 on Monday. United States Oil Fund LP has a 1 year low of $65.99 and a 1 year high of $154.08. The firm has a 50 day moving average of $129.79 and a 200-day moving average of $105.56. The stock has a market capitalization of $1.73 billion, a P/E ratio of 19.22 and a beta of -0.01.

United States Oil Fund 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.