United States Oil Fund (NYSEARCA:USO) Shares Up 2.7% – Should You Buy?

United States Oil Fund LP (NYSEARCA:USO)’s stock price shot up 2.7% on Monday . The stock traded as high as $76.49 and last traded at $76.80. 705,014 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 3,129,542 shares. The stock had previously closed at $74.77.

United States Oil Fund Price Performance

The business’s 50 day moving average is $75.39 and its 200-day moving average is $74.48. The company has a market cap of $1.03 billion, a PE ratio of 23.33 and a beta of 0.06.

Institutional Trading of United States Oil Fund

Institutional investors have recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp acquired a new stake in shares of United States Oil Fund during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of United States Oil Fund in the 3rd quarter valued at approximately $31,000. IFP Advisors Inc raised its position in United States Oil Fund by 35.4% during the 4th quarter. IFP Advisors Inc now owns 765 shares of the company’s stock worth $58,000 after buying an additional 200 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of United States Oil Fund by 35.1% in the 4th quarter. National Bank of Canada FI now owns 770 shares of the company’s stock worth $58,000 after acquiring an additional 200 shares during the period. Finally, St. Johns Investment Management Company LLC purchased a new stake in shares of United States Oil Fund in the fourth quarter valued at about $97,000.

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.