VanEck Oil Services ETF $OIH Shares Newly Purchased by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC acquired a new position in VanEck Oil Services ETF (NYSEARCA:OIH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,104 shares of the company’s stock, valued at approximately $7,228,000. VanEck Oil Services ETF accounts for about 1.3% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 14th largest position. Hollow Brook Wealth Management LLC owned 0.41% of VanEck Oil Services ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc grew its position 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 acquiring an additional 37 shares during the period. Allworth Financial LP increased its stake in shares of VanEck Oil Services ETF by 125.0% during the 2nd quarter. Allworth Financial LP now owns 81 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of VanEck Oil Services ETF in the 1st quarter worth approximately $31,000. CX Institutional bought a new stake in shares of VanEck Oil Services ETF in the 3rd quarter worth approximately $32,000. Finally, Lee Danner & Bass Inc. raised its holdings 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 worth $3,417,000 after purchasing an additional 90 shares during the period. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Performance

VanEck Oil Services ETF stock opened at $411.57 on Monday. VanEck Oil Services ETF has a 12 month low of $270.55 and a 12 month high of $459.28. The business’s 50 day simple moving average is $401.16 and its 200 day simple moving average is $396.43. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 21.88 and a beta of 0.96.

VanEck Oil Services ETF News Summary

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

• Positive Sentiment: WTI and Brent crude remain near multi-month highs as falling inventories, Middle East supply risks and continued dip-buying support prices. WTI is approaching resistance near $105-$106.50, while Brent is testing levels above $114. Crude Oil Price Forecast – Oil Continues to Grind Higher
• Positive Sentiment: A tanker attack near the Strait of Hormuz and continuing Houthi and Yemen-related tensions are increasing concerns about disruptions to crude production and shipping, supporting a geopolitical risk premium in oil prices. Crude Oil Price Forecast: WTI, Brent Rise After Hormuz Tanker Attack
• Positive Sentiment: ExxonMobil and Chevron reported better-than-expected third-quarter results and reached record highs, while BP posted $8.5 billion in underlying replacement-cost profit. The results reinforce the earnings strength of large energy producers and the favorable backdrop for oil-service providers. Oil Giants Chevron, ExxonMobil Tap Record Highs After Earnings
• Positive Sentiment: An analyst reiterated a Buy rating on OIH, citing elevated oil prices, supply disruptions and the ETF’s strong correlation with crude. SLB, Baker Hughes and Halliburton represent more than 37% of the fund’s assets. OIH Remains A Buy Despite The Correction
• Neutral Sentiment: Crude’s rally faces technical resistance, and mixed inventory and demand signals could limit near-term gains even as forecasts identify potential breakouts toward $120. WTI Price Forecast: Triangle Breakout Could Extend Above $106.84
• Negative Sentiment: The United States is loaning approximately 40 million barrels from the Strategic Petroleum Reserve under a broader international agreement. Additional supply could temporarily pressure crude prices and weigh on oil-service stocks. US loans 40 million barrels of oil from SPR

About VanEck Oil Services ETF

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.