St. Johns Investment Management Company LLC Buys Shares of 1,290 United States Oil Fund LP (NYSEARCA:USO)

St. Johns Investment Management Company LLC purchased a new position in United States Oil Fund LP (NYSEARCA:USO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,290 shares of the company’s stock, valued at approximately $97,000.

Several other hedge funds and other institutional investors have also modified their holdings of USO. Global Wealth Management LLC acquired a new stake in shares of United States Oil Fund during the fourth quarter valued at approximately $923,000. HB Wealth Management LLC acquired a new position in shares of United States Oil Fund during the 4th quarter valued at about $297,000. JPMorgan Chase & Co. grew its stake in United States Oil Fund by 279,273.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,906 shares of the company’s stock valued at $2,930,000 after buying an additional 41,891 shares during the last quarter. FFG Partners LLC grew its holdings in United States Oil Fund by 2.2% in the 3rd quarter. FFG Partners LLC now owns 76,277 shares of the company’s stock valued at $5,333,000 after buying an additional 1,640 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in United States Oil Fund in the 3rd quarter valued at $31,000.

United States Oil Fund Stock Down 1.5 %

NYSEARCA USO opened at $79.21 on Friday. The company’s 50-day simple moving average is $75.10 and its 200 day simple moving average is $74.55. The stock has a market cap of $1.37 billion, a P/E ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a twelve month low of $66.02 and a twelve month high of $84.58.

About United States Oil Fund

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.