Invesco Oil & Gas Services ETF $PXJ Stock: Outlook Wealth Advisors LLC Trims Stake

Outlook Wealth Advisors LLC cut its position in Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) by 28.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,972 shares of the company’s stock after selling 11,935 shares during the quarter. Outlook Wealth Advisors LLC owned approximately 1.03% of Invesco Oil & Gas Services ETF worth $1,301,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PXJ. MinichMacGregor Wealth Management LLC purchased a new position in shares of Invesco Oil & Gas Services ETF in the 3rd quarter worth approximately $316,000. Sound Income Strategies LLC purchased a new stake in Invesco Oil & Gas Services ETF during the third quarter valued at approximately $266,000. Integrated Wealth Concepts LLC purchased a new stake in Invesco Oil & Gas Services ETF during the second quarter valued at approximately $51,000. Bank of America Corp DE boosted its stake in Invesco Oil & Gas Services ETF by 1,933.6% in the first quarter. Bank of America Corp DE now owns 143,148 shares of the company’s stock valued at $5,933,000 after acquiring an additional 136,109 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Invesco Oil & Gas Services ETF in the first quarter valued at approximately $240,000.

Invesco Oil & Gas Services ETF Price Performance

Shares of PXJ stock opened at $47.01 on Friday. Invesco Oil & Gas Services ETF has a 1-year low of $28.68 and a 1-year high of $48.28. The stock’s fifty day moving average price is $45.62 and its 200 day moving average price is $42.28. The company has a market cap of $136.80 million, a price-to-earnings ratio of 9.62 and a beta of 0.84.

Trending Headlines about Invesco Oil & Gas Services ETF

Here are the key news stories impacting Invesco Oil & Gas Services ETF this week:

• Positive Sentiment: Elevated oil prices support services demand. WTI is approaching the $105-$106.50 resistance area, while Brent is trading above $108 and testing levels near $114-$120. Continued dip-buying and falling crude inventories are supporting prices, although demand indicators remain mixed. Crude Oil Weekly Price Forecast – Oil Continues to See Dip Buying
• Positive Sentiment: Geopolitical supply risks are keeping an energy premium in crude. A tanker attack near the Strait of Hormuz and continuing Middle East tensions have renewed concerns about shipping disruptions and crude availability. Crude Oil Price Forecast: WTI, Brent Rise After Hormuz Tanker Attack
• Positive Sentiment: Strong results from major producers reinforce the bullish energy backdrop. Exxon Mobil and Chevron reported better-than-expected third-quarter results and reached record highs, while BP reported $8.5 billion in underlying replacement-cost profit. Robust producer profitability can support capital spending and demand for oilfield services. Oil Giants Chevron, ExxonMobil Tap Record Highs After Earnings
• Neutral Sentiment: Supply responses could limit further gains. The United States is lending approximately 40 million barrels from the Strategic Petroleum Reserve under a coordinated agreement, potentially easing near-term shortages. US loans 40 million barrels of oil from SPR
• Negative Sentiment: Peace negotiations and mixed demand signals remain risks. Hopes for U.S.-Iran talks have periodically pressured crude, while resistance near key technical levels could trigger a pullback that would weigh on PXJ’s energy-services holdings.

About Invesco Oil & Gas Services ETF

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.