Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Stock Price Down 1.4% – What’s Next?

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ)’s share price was down 1.4% during mid-day trading on Tuesday . The stock traded as low as $37.52 and last traded at $37.69. Approximately 26,171 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 38,125 shares. The stock had previously closed at $38.22.

Key Stories Impacting Invesco Oil & Gas Services ETF

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

• Positive Sentiment: Treasury issued a new general license allowing U.S. companies to provide equipment and technology to Venezuela’s oil sector — this directly raises potential addressable demand for U.S.-based oilfield service providers and suppliers in PXJ’s universe if transactions proceed. Read More.
• Positive Sentiment: Petrobras reported Q4 output up ~18% year-over-year (3.11m boed) — rising production from a major producer implies more drilling, maintenance and services demand in the coming quarters. Read More.
• Positive Sentiment: Reports that Venezuela and PDVSA have boosted Orinoco Belt output and that Indian refiners bought Venezuelan crude point to higher flows — increased Venezuelan production and sales could translate into more equipment, logistics and field services work. Read More.
• Positive Sentiment: Geopolitical risk (U.S.–Iran tensions, EU sanctions chatter around Russian oil) and technical studies noting a bull pennant/coiling pattern for crude keep upside risk intact — higher oil prices generally support capital spending and service margins. Read More.
• Neutral Sentiment: OPEC output dipped in January (Nigeria, Libya declines) — could tighten balances but the effect on services capex is indirect and depends on how producers allocate cash. Read More.
• Neutral Sentiment: Shell’s CEO said the company doesn’t need to buy assets soon — signals disciplined capital allocation at majors, which may limit M&A-driven services demand but is not an immediate cut in operational spending. Read More.
• Neutral Sentiment: Private warnings from a Russian-owned refinery in Germany about U.S. sanctions highlight potential supply-chain disruptions — uncertain implications for service contractors until policy outcomes crystallize. Read More.
• Negative Sentiment: BP suspended buybacks amid pressure on oil prices and weaker sector earnings (Echoes from rivals like Equinor and Shell) — indicates near-term margin/ cash-flow pressure in the industry that can delay or reduce service-sector spending. Read More.
• Negative Sentiment: Short-term market action: multiple reports of profit-taking, technical consolidation and oil drifting lower as traders await U.S.–Iran developments — these price pulls reduce immediate optimism for higher day-to-day services demand. Read More.

Invesco Oil & Gas Services ETF Stock Performance

The firm’s 50-day simple moving average is $32.27 and its 200 day simple moving average is $29.22. The company has a market cap of $51.26 million, a P/E ratio of 9.62 and a beta of 1.02.

Hedge Funds Weigh In On Invesco Oil & Gas Services ETF

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of Invesco Oil & Gas Services ETF by 1.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 56,392 shares of the company’s stock valued at $1,655,000 after acquiring an additional 937 shares during the period. Tower Research Capital LLC TRC increased its stake in Invesco Oil & Gas Services ETF by 354.3% in the third quarter. Tower Research Capital LLC TRC now owns 17,685 shares of the company’s stock valued at $482,000 after purchasing an additional 13,792 shares in the last quarter. Jefferies Financial Group Inc. increased its stake in Invesco Oil & Gas Services ETF by 14.2% in the third quarter. Jefferies Financial Group Inc. now owns 15,565 shares of the company’s stock valued at $424,000 after purchasing an additional 1,941 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco Oil & Gas Services ETF in the second quarter worth $42,000. Finally, Sound Income Strategies LLC acquired a new stake in Invesco Oil & Gas Services ETF in the fourth quarter worth $47,000.

Invesco Oil & Gas Services ETF Company Profile

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.