Zuckerman Investment Group LLC Cuts Stake in VanEck Oil Services ETF $OIH

Zuckerman Investment Group LLC lessened its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,020 shares of the company’s stock after selling 2,402 shares during the period. Zuckerman Investment Group LLC’s holdings in VanEck Oil Services ETF were worth $11,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OIH. Quantitative Investment Management LLC acquired a new stake in VanEck Oil Services ETF in the 3rd quarter worth about $277,000. CreativeOne Wealth LLC raised its holdings in shares of VanEck Oil Services ETF by 6.8% during the third quarter. CreativeOne Wealth LLC now owns 1,415 shares of the company’s stock valued at $368,000 after acquiring an additional 90 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of VanEck Oil Services ETF during the third quarter valued at approximately $217,000. Founders Financial Alliance LLC purchased a new position in shares of VanEck Oil Services ETF in the third quarter valued at approximately $33,000. Finally, JPMorgan Chase & Co. lifted its position in shares of VanEck Oil Services ETF by 189.7% in the third quarter. JPMorgan Chase & Co. now owns 141,542 shares of the company’s stock valued at $36,788,000 after acquiring an additional 92,676 shares in the last quarter. 94.50% of the stock is owned by hedge funds and other institutional investors.

VanEck Oil Services ETF Price Performance

Shares of NYSEARCA:OIH opened at $371.13 on Friday. VanEck Oil Services ETF has a 1 year low of $191.21 and a 1 year high of $406.12. The firm has a market capitalization of $2.21 billion, a PE ratio of 10.97 and a beta of 1.16. The business’s 50 day moving average price is $359.27 and its 200-day moving average price is $303.81.

Key Stories Impacting VanEck Oil Services ETF

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

• Positive Sentiment: Strait of Hormuz closure and U.S.-Iran strikes pushed oil higher, keeping service-rig demand expectations intact and supporting oil-services exposure. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs As U.S. Intensifies Strikes Against Iran
• Positive Sentiment: Analysts and technical reports note crude’s strong bullish momentum and continued headline sensitivity from the conflict, which generally benefits drilling/service providers through higher dayrates and utilization. Crude Oil Price Forecast: Momentum Suggests Resistance Tests Ahead
• Positive Sentiment: Goldman Sachs raised longer-term Brent/WTI forecasts assuming prolonged Strait of Hormuz disruption — a bullish backdrop for oil services earnings over coming quarters. Goldman Sachs Raises Q4 Brent, WTI Crude Price Forecast Amid Longer Hormuz Disruption
• Neutral Sentiment: Prediction markets and traders put sizable odds on oil hitting $100 this month — a sign of risk that could swing OIH materially either way as headlines evolve. Traders Put 72% Odds on Oil Returning to $100 as Iran Conflict Hits New Phase
• Neutral Sentiment: Infrastructure stories (pipelines bypassing the Strait, and debate over a Jones Act waiver) highlight potential partial supply reroutes — these could blunt some tightness but won’t immediately reverse offshore/onshore service demand. The Two Oil Pipelines Helping Saudi Arabia and UAE Bypass the Strait of Hormuz What Is the Jones Act and Why It Matters for Soaring Oil Prices
• Negative Sentiment: The U.S. announced a 172 million‑barrel SPR release and IEA members agreed to a record coordinated release (400 million barrels), actions aimed at lowering prices and easing near‑term supply tightness — headwinds for oil‑services revenue growth if sustained. US to Release 172 Million Barrels of Oil from Strategic Petroleum Reserve
• Negative Sentiment: Markets reacted to a U.S. license allowing countries to buy Russian crude stranded at sea for 30 days, which eased supply concerns and briefly pushed oil prices lower — a direct offset to the rally supporting OIH. Oil Drops After US Issues License for Countries to Buy Russian Oil Stranded at Sea

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.