Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Shares Up 2.4% – Should You Buy?

Shares of Invesco Oil & Gas Services ETF (NYSEARCA:PXJ – Get Free Report) traded up 2.4% during mid-day trading on Friday . The stock traded as high as $46.31 and last traded at $46.27. Approximately 20,503 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 47,359 shares. The stock had previously closed at $45.19.

Trending Headlines about Invesco Oil & Gas Services ETF

Here are the key news stories impacting Invesco Oil & Gas Services ETF this week:

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• Positive Sentiment: Oil prices are on track for weekly gains after the United States threatened an indefinite naval blockade of Iran. The possibility of disrupted Middle Eastern supply is bullish for crude and could support sentiment toward oil-service stocks. Oil set for weekly gains after US threatens indefinite blockade of Iran
• Positive Sentiment: Loadings were reportedly suspended at Russia’s Sheskharis terminal after a drone attack, adding another potential disruption to global crude exports. Reduced availability could keep oil prices elevated and benefit PXJ indirectly. Russia’s Black Sea’s Sheskharis terminal halts loadings after drone attack
• Positive Sentiment: Oil-supply concerns also intensified after reports of slicks in Iranian waters and a major spill near Oman amid attacks on tankers and other vessels. The incidents raise the risk of shipping interruptions around important Gulf routes. Two slicks appear in Gulf as huge oil spill off Oman threatens disaster
• Neutral Sentiment: Crude has struggled to extend its rally near key moving-average resistance. Geopolitical caution, weaker demand expectations and higher inventories are offsetting supply-risk support, creating a volatile backdrop for PXJ. Crude Oil Price Forecast – WTI and Brent Stall at 50-Day EMAs Amid Geopolitical Caution
• Negative Sentiment: A reported 17.4-million-barrel U.S. crude inventory build, increased imports, reduced exports and lower 2026 demand forecasts remain headwinds. If these trends pressure oil prices, producers could delay drilling and reduce demand for oilfield services, weighing on PXJ. Natural Gas and Oil Forecast: 17.4M-Barrel Crude Build Weighs as Hormuz Risks Persist

Invesco Oil & Gas Services ETF Stock Performance

The stock has a market capitalization of $68.02 million, a price-to-earnings ratio of 9.62 and a beta of 0.76. The company has a fifty day simple moving average of $41.49 and a two-hundred day simple moving average of $41.45.

Institutional Investors Weigh In On Invesco Oil & Gas Services ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC increased its stake in Invesco Oil & Gas Services ETF by 16.2% in the fourth quarter. LPL Financial LLC now owns 15,385 shares of the company’s stock valued at $452,000 after acquiring an additional 2,147 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Invesco Oil & Gas Services ETF by 1.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 56,392 shares of the company’s stock worth $1,655,000 after purchasing an additional 937 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Invesco Oil & Gas Services ETF by 354.3% during the third quarter. Tower Research Capital LLC TRC now owns 17,685 shares of the company’s stock worth $482,000 after purchasing an additional 13,792 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Invesco Oil & Gas Services ETF by 14.2% in the 3rd quarter. Jefferies Financial Group Inc. now owns 15,565 shares of the company’s stock valued at $424,000 after purchasing an additional 1,941 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Invesco Oil & Gas Services ETF by 1,933.6% in the 1st quarter. Bank of America Corp DE now owns 143,148 shares of the company’s stock valued at $5,933,000 after purchasing an additional 136,109 shares in the last quarter.

About Invesco Oil & Gas Services ETF

(Get Free Report)

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.

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