Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,434 shares of the company’s stock, valued at approximately $1,263,000.
Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in VanEck Oil Services ETF by 66.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock valued at $25,000 after purchasing an additional 35 shares during the last quarter. Lyell Wealth Management LP raised its holdings 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 during the period. CreativeOne Wealth LLC lifted its position in shares of VanEck Oil Services ETF by 6.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,415 shares of the company’s stock worth $368,000 after buying an additional 90 shares during the last quarter. Wexford Capital LP bought a new position in shares of VanEck Oil Services ETF in the 3rd quarter worth about $27,000. Finally, Founders Financial Alliance LLC acquired a new position in shares of VanEck Oil Services ETF in the 3rd quarter valued at about $33,000. 94.50% of the stock is currently owned by institutional investors.
VanEck Oil Services ETF Stock Down 1.3%
Shares of NYSEARCA:OIH opened at $445.13 on Friday. The company has a market cap of $2.49 billion, a PE ratio of 10.97 and a beta of 0.89. VanEck Oil Services ETF has a fifty-two week low of $210.70 and a fifty-two week high of $459.28. The firm has a 50-day simple moving average of $414.48 and a 200 day simple moving average of $356.10.
More VanEck Oil Services ETF News
- Positive Sentiment: Crude prices rebounded as investors doubted that U.S.-Iran peace talks would produce a breakthrough, keeping supply disruption fears alive and supporting oil-related equities. US oil prices rise as investors doubt breakthrough in US-Iran peace talks
- Positive Sentiment: Multiple reports said the oil market could enter a “red zone” in July-August as summer demand rises and inventories shrink, which is supportive for oilfield services demand and pricing power. Oil market could hit ‘red zone’ in July-August, IEA chief says
- Positive Sentiment: U.S. crude inventories posted a much larger-than-expected draw, reinforcing the idea that supply is tightening and helping keep oil prices firm. U.S. Crude Oil Stockpiles Post Fourth Straight Weekly Draw
- Neutral Sentiment: OPEC+ leaders are expected to raise July output modestly, which could eventually cap further oil-price gains even though the near-term impact is being offset by war-related disruptions. OPEC+ leaders expected to up July oil output target despite Hormuz disruption
- Neutral Sentiment: Some headlines noted that tanker traffic was still moving through the Strait of Hormuz and that Trump said Iran talks were in their final stages, which adds uncertainty and has fueled sharp swings in crude prices. Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects
- Negative Sentiment: Reports that China may cut oil imports and that U.S. exports are higher could signal softer demand or more balanced supply, which may limit upside for oil services stocks. China oil import cut, higher US exports wrongfoot market bulls
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.
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