Wells Fargo & Company MN Trims Stake in United States Oil Fund LP (NYSEARCA:USO)

Wells Fargo & Company MN lowered its stake in United States Oil Fund LP (NYSEARCA:USO) by 13.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 947,576 shares of the company’s stock after selling 144,190 shares during the quarter. Wells Fargo & Company MN owned about 0.42% of United States Oil Fund worth $9,884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd acquired a new position in United States Oil Fund in the second quarter valued at about $85,220,000. JPMorgan Chase & Co. lifted its position in United States Oil Fund by 600.2% in the third quarter. JPMorgan Chase & Co. now owns 2,956,515 shares of the company’s stock valued at $30,836,000 after buying an additional 2,534,259 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in United States Oil Fund by 64.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,691,042 shares of the company’s stock valued at $25,565,000 after buying an additional 1,057,112 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in United States Oil Fund in the second quarter valued at about $15,019,000. Finally, Virtu KCG Holdings LLC lifted its position in United States Oil Fund by 325.9% in the second quarter. Virtu KCG Holdings LLC now owns 632,634 shares of the company’s stock valued at $6,010,000 after buying an additional 484,108 shares during the last quarter.

United States Oil Fund LP (NYSEARCA USO) opened at $12.70 on Friday. The company has a market cap of $2,130.00 and a PE ratio of -5.18. United States Oil Fund LP has a 1 year low of $8.65 and a 1 year high of $12.92.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.dispatchtribunal.com/2018/01/12/united-states-oil-fund-lp-uso-holdings-cut-by-wells-fargo-company-mn-2.html.

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.

Institutional Ownership by Quarter for United States Oil Fund (NYSEARCA:USO)

Receive News & Ratings for United States Oil Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Oil Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply