Leuthold Group LLC purchased a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,310 shares of the company’s stock, valued at approximately $658,000.
A number of other large investors have also made changes to their positions in the business. SBI Securities Co. Ltd. increased its position in shares of VanEck Oil Services ETF by 66.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Lyell Wealth Management LP increased its position in shares of VanEck Oil Services ETF by 6.5% during the third quarter. Lyell Wealth Management LP now owns 1,369 shares of the company’s stock worth $356,000 after purchasing an additional 83 shares in the last quarter. CreativeOne Wealth LLC increased its position 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 worth $368,000 after purchasing an additional 90 shares in the last quarter. Wexford Capital LP acquired a new position in shares of VanEck Oil Services ETF during the third quarter worth $27,000. Finally, Founders Financial Alliance LLC acquired a new position in shares of VanEck Oil Services ETF during the third quarter worth $33,000. 94.50% of the stock is owned by institutional investors and hedge funds.
Key VanEck Oil Services ETF News
Here are the key news stories impacting VanEck Oil Services ETF this week:
- Positive Sentiment: Oil prices rose as traders priced in continued disruption risk around the Strait of Hormuz, with reports of ship attacks, seizures and limited flows keeping the market on edge. Higher crude typically boosts sentiment for oil services stocks like OIH. Oil rises as fears of ship attacks and seizures persist
- Positive Sentiment: Multiple reports said crude futures surged as U.S.-Iran tensions escalated and Trump warned Iran over Hormuz, while analysts warned Brent could spike materially higher in an extreme case. Sustained high oil prices can translate into stronger demand and pricing power for oilfield services. Oil News: Crude Oil Futures Surge as Trump Warns Iran Over Hormuz Capital Economics sees oil at $150 per barrel through 2027 an extreme case
- Positive Sentiment: U.S. oil refiners are seeing improved profits from biofuels due to new mandates and higher fuel prices, another sign that the broader energy complex is benefiting from tighter supply conditions. US oil refiners finally profit from biofuels due to mandates, high fuel prices
- Neutral Sentiment: Several articles noted that the U.S. and China have taken steps to ease the Middle East oil shock, including boosting exports, cutting imports and reaffirming that the Strait of Hormuz should remain open. That could temper the upside in crude if tensions cool. How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher Oil Prices Surge to End Bad Week After U.S.-China Summit Fails to Reopen Hormuz
- Negative Sentiment: There were also reports that geopolitical risk premiums may be fading in some near-term trading, with WTI pulling back in one forecast piece. If oil prices stabilize or ease, that could reduce the upside momentum for OIH. Natural Gas and Oil Forecast: WTI Pulls Back to $98.75 as Brent Stays Resilient
VanEck Oil Services ETF Stock Performance
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.
Featured Articles
- Five stocks we like better than VanEck Oil Services ETF
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Want to see what other hedge funds are holding OIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Oil Services ETF (NYSEARCA:OIH – Free Report).
Receive News & Ratings for VanEck Oil Services ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Oil Services ETF and related companies with MarketBeat.com's FREE daily email newsletter.
