Ascent Capital Management LLC Acquires Shares of 3,278 United States Oil Fund LP (NYSEARCA:USO)

Ascent Capital Management LLC bought a new position in shares of United States Oil Fund LP (NYSEARCA:USO) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 3,278 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new position in United States Oil Fund in the third quarter valued at approximately $235,000. Thrivent Financial for Lutherans raised its stake in shares of United States Oil Fund by 21.4% in the third quarter. Thrivent Financial for Lutherans now owns 6,943 shares of the company’s stock valued at $485,000 after buying an additional 1,225 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of United States Oil Fund by 4.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 29,900 shares of the company’s stock valued at $2,091,000 after buying an additional 1,400 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of United States Oil Fund by 15.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 44,452 shares of the company’s stock worth $3,108,000 after acquiring an additional 5,825 shares during the period. Finally, Bank of Montreal Can increased its holdings in United States Oil Fund by 258.1% in the 3rd quarter. Bank of Montreal Can now owns 31,153 shares of the company’s stock worth $2,189,000 after acquiring an additional 22,454 shares during the last quarter.

United States Oil Fund Stock Performance

Shares of United States Oil Fund stock opened at $72.28 on Friday. The stock has a market capitalization of $970.00 million, a P/E ratio of 21.87 and a beta of 0.58. United States Oil Fund LP has a 52-week low of $66.02 and a 52-week high of $84.58. The stock’s 50-day simple moving average is $76.85 and its 200 day simple moving average is $74.16.

United States Oil Fund Company 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.