Investment House LLC Acquires New Shares in VanEck Oil Services ETF $OIH

Investment House LLC acquired a new position in VanEck Oil Services ETF (NYSEARCA:OIH) during the 3rd quarter, HoldingsChannel reports. The fund acquired 1,965 shares of the company’s stock, valued at approximately $743,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of VanEck Oil Services ETF by 7.3% during the 3rd quarter. IFP Advisors Inc now owns 546 shares of the company’s stock valued at $207,000 after purchasing an additional 37 shares in the last quarter. Allworth Financial LP lifted its stake in shares of VanEck Oil Services ETF by 125.0% in the 2nd quarter. Allworth Financial LP now owns 81 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Advisors Preferred LLC acquired a new position in shares of VanEck Oil Services ETF in the 1st quarter valued at $31,000. CX Institutional acquired a new position in shares of VanEck Oil Services ETF in the 3rd quarter valued at $32,000. Finally, Lee Danner & Bass Inc. lifted its stake in shares of VanEck Oil Services ETF by 1.1% in the 1st quarter. Lee Danner & Bass Inc. now owns 8,453 shares of the company’s stock valued at $3,417,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 94.50% of the company’s stock.

VanEck Oil Services ETF News Summary

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Crude prices are gaining on tightening-supply concerns. Falling U.S. inventories, shipping disruptions and persistent Middle East risks have pushed WTI toward $101 and Brent above $114. Higher oil prices generally support demand for the services provided by OIH holdings. Oil Prices Rise as Inventory Draws and Middle East Tensions Support Crude
• Positive Sentiment: Geopolitical risk is supporting the oil-price rally. Concerns about renewed U.S.-Iran hostilities, attacks on Saudi energy infrastructure and Houthi activity are keeping a risk premium in crude markets, despite some recovery in regional exports. Oil Prices Rise as Middle East Risks Persist
• Positive Sentiment: Analysts continue to see upside risk for oil. Citi said shipping bottlenecks are keeping delivered supplies tight, while technical forecasts identify potential breakouts if WTI clears key resistance levels. This environment could encourage stronger exploration and production activity. Citi sees oil risks skewed to upside despite recovery in Gulf exports
• Neutral Sentiment: Refining margins are also exceptionally strong. Tight fuel markets are driving record refining margins, potentially benefiting some integrated-energy companies, although the effect on OIH depends more directly on future drilling and oilfield-service spending. Oil Majors’ Quarterly Earnings in Spotlight With Refineries Set to Gain
• Negative Sentiment: The U.S. authorized an emergency release of up to 400,000 barrels from the Strategic Petroleum Reserve. Although relatively small compared with global consumption, the move could temporarily ease supply fears and limit crude-price gains, reducing a key near-term catalyst for OIH. US authorizes emergency release of up to 400,000 oil barrels from strategic reserve

VanEck Oil Services ETF Stock Performance

Shares of NYSEARCA OIH opened at $397.36 on Friday. The company’s fifty day moving average price is $402.55 and its 200 day moving average price is $405.00. VanEck Oil Services ETF has a 1 year low of $270.55 and a 1 year high of $459.28. The company has a market capitalization of $1.83 billion, a PE ratio of 10.97 and a beta of 0.96.

VanEck Oil Services ETF Company Profile

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.