Invesco DB Oil Fund(DBO)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
DBO Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Invesco DB Oil Fund (DBO), a Financials sector company. DBO is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Invesco DB Oil Fund reports quarterly revenue of $2.1M, net income of $133.9M, an operating margin of 75.7%. Top institutional holders of DBO by reported 13-F value include WELLS FARGO & COMPANY/MN, E Fund Management Co., Ltd., PRUDENTIAL PLC, based on the most recent SEC filings. DBO trades on the NYSE exchange and files with the SEC under CIK 1383058. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DBO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Invesco DB Oil Fund directly from SEC EDGAR.
Revenue
Q1 2026
$2.1M
Net Income
Q1 2026
$133.9M
Free Cash Flow
Q1 2026
$-26.8M
Operating Margin
Q1 2026
75.7%
ROIC
Q1 2026
0.4%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+237.7% YoYOperating Income
-10.2% YoYTotal Assets
-13.5% YoYOp. Cash Flow
+18.2% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|---|
| Net Income | $19.6M +237.7% | $-14.2M -118.4% | $77.3M -66.2% | $228.7M +203.4% | $75.4M +346.9% | $16.9M |
| Operating Income | $10.2M -10.2% | $11.3M +411.3% | $2.2M +163.8% | $-3.5M -184.9% | $4.1M +3199.1% | $124.2K |
| Total Assets | $212.3M -13.5% | $245.5M -19.2% | $303.8M -31.7% | $445.0M +79.3% | $248.2M -25.5% | $333.0M |
| Operating Cash Flow | $53.0M +18.2% | $44.8M -78.5% | $208.3M -7.3% | $224.8M +144.7% | $91.8M -33.4% | $137.8M |
AI Insight: DBO Financial Trends
A $134M net income spike in Q1 2026 drives equity to $365M, but operating income remains flat at $2M — suggesting a one-time mark-to-market gain, not operational improvement.
• Net income swung sharply to $134M in Q1 2026 from -$12M in Q4 2025, a $146M quarter-over-quarter reversal.
• Equity surged from $204M in Q4 2025 to $365M in Q1 2026, the highest level in the observed period.
• Operating income has been locked at $2M every quarter since Q3 2024, indicating no underlying operational growth.
• Operating cash flow turned negative at -$27M in Q1 2026, diverging sharply from the large net income figure.
⚠ The gap between $134M net income and -$27M operating CF in Q1 2026 signals likely unrealized gains — sustainability is unclear.
⚠ Equity has been volatile, ranging from $202M to $365M across eight quarters, reflecting commodity price sensitivity.
⚠ Operating CF has been negative in three of eight quarters; Q2 2025's -$38M was the worst reading observed.
AI Insight: DBO Ratio Trends
DBO's ROIC has compressed steadily from 4.7% in Q2 2024 to 1.7% in Q1 2026, signaling deteriorating capital efficiency despite a volatile ROE spike.
• ROIC declined consistently from 4.7% in Q2 2024 to 1.7% in Q1 2026, a 3pp contraction over eight quarters.
• ROE has been extremely volatile, swinging from -50.9% in Q3 2024 to 146.5% in Q1 2026, reflecting commodity-driven return instability.
• TTM ROE of 30.6% and ROA of 28.8% appear optically strong but mask sharp quarterly swings including two quarters of deeply negative returns.
⚠ ROIC hit a series low of 1.7% in Q1 2026 — the fourth consecutive quarterly decline — signaling sustained capital efficiency erosion.
⚠ The Q1 2026 ROE spike to 146.5% with no corresponding ROA data warrants scrutiny; one-off or leverage effects may distort the picture.
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Available Research
13F Pro tracks comprehensive data for Invesco DB Oil Fund including:
Top Institutional Holders of DBO
WELLS FARGO & COMPANY/MN
$33.3M1,693,801 shE Fund Management Co., Ltd.
$19.3M979,736 shPRUDENTIAL PLC
$9.3M471,310 shENVESTNET ASSET MANAGEMENT INC
$5.6M286,764 shPINEBRIDGE INVESTMENTS LLC
$5.2M263,577 shQuadrature Capital Ltd
$5.2M262,633 shJANE STREET GROUP, LLC
$4.4M222,043 shAdvisory Services Network, LLC
$3.5M180,002 shNarus Financial Partners, LLC
$2.8M144,284 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$2.8M142,600 sh
| Fund | Value | Shares |
|---|---|---|
| WELLS FARGO & COMPANY/MN | $33.3M | 1,693,801 |
| E Fund Management Co., Ltd. | $19.3M | 979,736 |
| PRUDENTIAL PLC | $9.3M | 471,310 |
| ENVESTNET ASSET MANAGEMENT INC | $5.6M | 286,764 |
| PINEBRIDGE INVESTMENTS LLC | $5.2M | 263,577 |
| Quadrature Capital Ltd | $5.2M | 262,633 |
| JANE STREET GROUP, LLC | $4.4M | 222,043 |
| Advisory Services Network, LLC | $3.5M | 180,002 |
| Narus Financial Partners, LLC | $2.8M | 144,284 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2.8M | 142,600 |
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Popular Research
Is DBO a good stock to buy?
13F Pro's AI-powered analysis of Invesco DB Oil Fund (DBO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for DBO are available on the DBO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own DBO?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling DBO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Invesco DB Oil Fund's investment landscape.