Investment House LLC Acquires 1,965 Shares of VanEck Oil Services ETF $OIH

Investment House LLC acquired a new stake in VanEck Oil Services ETF (NYSEARCA:OIH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,965 shares of the company’s stock, valued at approximately $743,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of VanEck Oil Services ETF by 125.0% during the second 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 purchased a new stake in VanEck Oil Services ETF in the first quarter valued at $31,000. CX Institutional purchased a new stake in VanEck Oil Services ETF in the third quarter valued at $32,000. Essential Partners LLC acquired a new stake in VanEck Oil Services ETF during the 1st quarter worth about $36,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in VanEck Oil Services ETF during the 1st quarter worth about $41,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

Key Stories Impacting VanEck Oil Services ETF

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

• Positive Sentiment: Crude prices are gaining on tightening-supply concerns. Falling U.S. inventories, shipping disruptions and persistent Middle East risks have pushed WTI toward $101 and Brent above $114. Higher oil prices generally support demand for the services provided by OIH holdings. Oil Prices Rise as Inventory Draws and Middle East Tensions Support Crude
• Positive Sentiment: Geopolitical risk is supporting the oil-price rally. Concerns about renewed U.S.-Iran hostilities, attacks on Saudi energy infrastructure and Houthi activity are keeping a risk premium in crude markets, despite some recovery in regional exports. Oil Prices Rise as Middle East Risks Persist
• Positive Sentiment: Analysts continue to see upside risk for oil. Citi said shipping bottlenecks are keeping delivered supplies tight, while technical forecasts identify potential breakouts if WTI clears key resistance levels. This environment could encourage stronger exploration and production activity. Citi sees oil risks skewed to upside despite recovery in Gulf exports
• Neutral Sentiment: Refining margins are also exceptionally strong. Tight fuel markets are driving record refining margins, potentially benefiting some integrated-energy companies, although the effect on OIH depends more directly on future drilling and oilfield-service spending. Oil Majors’ Quarterly Earnings in Spotlight With Refineries Set to Gain
• Negative Sentiment: The U.S. authorized an emergency release of up to 400,000 barrels from the Strategic Petroleum Reserve. Although relatively small compared with global consumption, the move could temporarily ease supply fears and limit crude-price gains, reducing a key near-term catalyst for OIH. US authorizes emergency release of up to 400,000 oil barrels from strategic reserve

VanEck Oil Services ETF Stock Performance

Shares of OIH opened at $397.36 on Friday. The business’s 50-day moving average is $402.55 and its two-hundred day moving average is $405.00. The company has a market capitalization of $1.83 billion, a P/E ratio of 10.97 and a beta of 0.96. VanEck Oil Services ETF has a fifty-two week low of $270.55 and a fifty-two week high of $459.28.

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.