United States 12 Month Oil Fund LP operates as an exchange-traded security that is designed to track the price movements of West Texas Intermediate light, sweet crude oil. The company's investment objective is for the daily changes in percentage terms of its shares NAV to reflect the daily changes in percentage terms of the price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the average of the prices of Benchmark Oil Futures Contracts, less expenses. The company invests primarily in listed crude oil futures contracts and other oil-related futures contracts, and invests in forwards and swap contracts. United States 12 Month Oil Fund was founded on June 27, 2007 and is headquartered in Walnut Creek, CA.
Company profile
Ticker
USL
Exchange
Website
CEO
Nicholas Daniel Gerber
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
260431897
USL stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
28 Mar 24
8-K
General Partner of the United States 12 Month Oil Fund, LP
27 Mar 24
8-K
To the Members of the Audit Committee of the Board of Directors of United States Commodity Funds LLC
21 Mar 24
POS AM
Prospectus update (post-effective amendment)
20 Mar 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
Regulation FD Disclosure
28 Feb 24
8-K
Regulation FD Disclosure
30 Jan 24
8-K
Regulation FD Disclosure
28 Dec 23
424B3
Prospectus supplement
4 Dec 23
8-K
Regulation FD Disclosure
28 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 68.29 mm | 68.29 mm | 68.29 mm | 68.29 mm | 68.29 mm | 68.29 mm |
Cash burn (monthly) | 3.26 mm | 3.22 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 19.47 mm | 19.26 mm | n/a | n/a | n/a | n/a |
Cash remaining | 48.81 mm | 49.03 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 15.0 | 15.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
0.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 5 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 2 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 523.43 mm |
Total shares | 12.35 k |
Total puts | 100.00 |
Total calls | 5.60 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
AMP Ameriprise Financial | 11.53 k | $500.89 mm |
JPM JPMorgan Chase & Co. | 562.00 | $22.53 mm |
Simplex Trading | 226.00 | $9.00 k |
BCS Barclays | 32.00 | $2.00 k |
Cutler | 0.00 | $0.00 |