Renaissance Technologies LLC purchased a new stake in VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,910 shares of the company’s stock, valued at approximately $4,410,000. Renaissance Technologies LLC owned 0.19% of VanEck Oil Services ETF as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its holdings in shares of VanEck Oil Services ETF by 66.0% in the 4th 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. Wexford Capital LP bought a new stake in VanEck Oil Services ETF during the 3rd quarter worth approximately $27,000. Advisors Preferred LLC bought a new stake in VanEck Oil Services ETF during the 1st quarter worth approximately $31,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of VanEck Oil Services ETF in the fourth quarter worth approximately $33,000. Finally, Empowered Funds LLC purchased a new stake in shares of VanEck Oil Services ETF in the fourth quarter worth approximately $34,000. Institutional investors own 94.50% of the company’s stock.
VanEck Oil Services ETF Stock Up 1.8%
OIH stock opened at $392.08 on Friday. The firm has a market capitalization of $1.94 billion, a PE ratio of 10.97 and a beta of 0.88. VanEck Oil Services ETF has a twelve month low of $232.39 and a twelve month high of $459.28. The stock’s 50 day moving average is $390.41 and its 200-day moving average is $394.95.
Key VanEck Oil Services ETF News
- Positive Sentiment: Oil prices rose as traders assessed potential disruptions linked to renewed fighting in Yemen and broader Middle East tensions, supporting the outlook for oilfield-services demand. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Houthis Attack Saudi-Backed Forces In Yemen
- Positive Sentiment: Crude also gained in Asian trading as investors worried about possible supply interruptions in the Middle East. Ongoing disruptions could keep prices elevated and improve revenue prospects for OIH’s holdings. Oil Rises Amid Supply-Disruption Concerns
- Positive Sentiment: Gulf exports remained roughly 40% below pre-war levels, while interruptions affected the Caspian Pipeline Consortium. These constraints reinforce the near-term supply-risk premium in oil markets. Gulf oil exports steady in July, still 40% below pre-war mark
- Neutral Sentiment: WTI’s technical outlook is focused on whether it can reclaim its 200-day moving average. A sustained recovery could further support OIH, while a failure would signal weaker momentum. Crude Oil Price Forecast: Reversal Tests Key Support
- Negative Sentiment: A surprise increase in U.S. crude inventories and OPEC+ plans to raise September output are weighing on the supply-demand outlook and could limit oil-price gains. Natural Gas and Oil Forecast: OPEC Supply Shift, EIA Inventory Build Weigh on Crude
- Negative Sentiment: Progress in Iran-Oman discussions and hopes for reopening the Strait of Hormuz have periodically pushed oil lower by reducing fears of prolonged supply shortages. Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal
- Negative Sentiment: Volatile oil prices have sharply reduced U.S. upstream oil-and-gas dealmaking, indicating cautious producer spending—an indirect risk for oilfield-services companies held by OIH. US upstream oil and gas second-quarter dealmaking dives on volatility
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.
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