Marks Wealth LLC Takes $8.13 Million Position in VanEck Oil Services ETF $OIH

Marks Wealth LLC acquired a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the fourth quarter, Holdings Channel reports. The fund acquired 28,546 shares of the company’s stock, valued at approximately $8,129,000. VanEck Oil Services ETF makes up approximately 2.7% of Marks Wealth LLC’s holdings, making the stock its 11th largest position.

Other hedge funds also recently bought and sold shares of the company. Altfest L J & Co. Inc. purchased a new stake in VanEck Oil Services ETF during the fourth quarter valued at about $3,262,000. JPMorgan Chase & Co. lifted its stake in VanEck Oil Services ETF by 189.7% during the third quarter. JPMorgan Chase & Co. now owns 141,542 shares of the company’s stock valued at $36,788,000 after buying an additional 92,676 shares in the last quarter. Fortis Capital Advisors LLC purchased a new stake in VanEck Oil Services ETF during the fourth quarter valued at about $2,535,000. Belpointe Asset Management LLC purchased a new stake in VanEck Oil Services ETF during the fourth quarter valued at about $2,535,000. Finally, Investment House LLC purchased a new stake in VanEck Oil Services ETF during the third quarter valued at about $844,000. 94.50% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting VanEck Oil Services ETF

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

• Positive Sentiment: Gulf production shut‑ins and the U.A.E.’s exit from OPEC have injected fresh upside volatility into crude, lifting near‑term price outlooks and the prospect of more drilling and maintenance activity that benefit oil services firms. Natural Gas and Oil Forecast: UAE OPEC Exit Ignites Crude Volatility – Will $116 Break?
• Positive Sentiment: Analysis argues OPEC’s cohesion is weakening after the U.A.E. departure, reducing the group’s ability to stabilize markets and keeping price volatility — and service demand — elevated. That dynamic tends to lift oil‑service revenue and capex expectations. OPEC Is Losing Its Grip on Global Oil. Volatility Will Follow.
• Positive Sentiment: U.S. crude exports hit a record 5.2 million bpd in April as buyers seek alternatives to disrupted Middle East barrels — higher exports support U.S. production activity and demand for midstream and service providers. U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
• Neutral Sentiment: OPEC+ agreed to a modest 188,000 bpd output increase for June — the first meeting since the U.A.E. left — but many analysts say the rise is largely symbolic while Strait of Hormuz disruptions persist, so near‑term impact on services demand is limited. OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE
• Neutral Sentiment: Analysts note that OPEC production hikes won’t meaningfully loosen markets while the Strait of Hormuz remains effectively closed, limiting immediate relief to oil prices and making near‑term service demand dependent on how the shipping situation evolves. Oil News: OPEC Production Hike Won’t Move Market Until Strait Opens
• Negative Sentiment: U.S. government actions to escort or “free” commercial ships from the Strait of Hormuz briefly reduced risk premia and pushed oil lower in choppy trade — anything that restores shipping lowers immediate upside for oil services tied to emergency logistics or production relocation. Oil falls after Trump says US would help free ships stranded in Strait of Hormuz
• Negative Sentiment: Short‑term risk‑on market moves and comments suggesting easing shipping disruptions have pressured prices at times this week, which can cap upside for oil‑services names if sustained. Oil Declines Amid Mild Risk-on Sentiment

VanEck Oil Services ETF Stock Performance

OIH stock opened at $444.73 on Monday. VanEck Oil Services ETF has a one year low of $210.70 and a one year high of $450.85. The firm has a market capitalization of $2.49 billion, a PE ratio of 10.97 and a beta of 0.89. The firm has a 50-day moving average of $401.47 and a two-hundred day moving average of $340.62.

VanEck Oil Services ETF 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.