United States Oil Fund is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. The net assets of Co. consist primarily of investments in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels that are traded on the New York Mercantile Exchange, ICE Futures or other U.S. and foreign exchanges (collectively, Oil Futures Contracts) and other oil-related investments such as cash-settled options on Oil Futures Contracts, forward contracts for oil, cleared swap contracts and non-exchange traded over-the-counter transactions. We show 13 historical shares outstanding datapoints in our USO shares outstanding history coverage, used to compute USO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing USO market cap history over the course of time is important for investors
interested in comparing USO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of USO versus a peer is one thing; comparing
USO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like USO can fluctuate over the course of history.
With this page we aim to empower investors researching USO by allowing them to research the USO market cap history. |
Free USO Email Alerts:
Video: The Importance of Market Cap
