St. Johns Investment Management Company LLC Buys New Shares in United States Oil Fund LP (NYSEARCA:USO)

St. Johns Investment Management Company LLC bought a new stake in shares of United States Oil Fund LP (NYSEARCA:USO) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,400 shares of the company’s stock, valued at approximately $110,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USO. Mariner LLC lifted its stake in United States Oil Fund by 58.5% during the third quarter. Mariner LLC now owns 13,117 shares of the company’s stock valued at $1,061,000 after purchasing an additional 4,840 shares during the last quarter. Mutual Advisors LLC purchased a new stake in shares of United States Oil Fund in the 3rd quarter valued at approximately $205,000. Tower Research Capital LLC TRC lifted its position in shares of United States Oil Fund by 7,335.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 174,282 shares of the company’s stock valued at $14,092,000 after acquiring an additional 171,938 shares in the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of United States Oil Fund in the 3rd quarter valued at approximately $238,000. Finally, Scotia Capital Inc. purchased a new stake in shares of United States Oil Fund in the 3rd quarter valued at approximately $666,000.

United States Oil Fund Stock Performance

Shares of NYSEARCA:USO opened at $78.75 on Thursday. The company has a market cap of $1.36 billion, a PE ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 52 week low of $60.87 and a 52 week high of $83.41. The firm has a 50 day simple moving average of $76.59 and a 200 day simple moving average of $74.06.

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.