Main Management LLC cut its position in VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 32.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,341 shares of the company’s stock after selling 5,000 shares during the period. Main Management LLC owned 0.17% of VanEck Oil Services ETF worth $2,945,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its stake 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 valued at $25,000 after buying an additional 35 shares during the period. Wexford Capital LP acquired a new stake in shares of VanEck Oil Services ETF in the 3rd quarter valued at about $27,000. Founders Financial Alliance LLC acquired a new stake in shares of VanEck Oil Services ETF in the 3rd quarter valued at about $33,000. Advisory Services Network LLC acquired a new stake in shares of VanEck Oil Services ETF in the 3rd quarter valued at about $43,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of VanEck Oil Services ETF in the 2nd quarter valued at about $53,000. 94.50% of the stock is currently owned by institutional investors and hedge funds.
VanEck Oil Services ETF Stock Performance
OIH stock opened at $418.25 on Monday. The company has a market capitalization of $2.34 billion, a P/E ratio of 10.97 and a beta of 0.89. VanEck Oil Services ETF has a 52-week low of $215.10 and a 52-week high of $459.28. The business has a 50-day simple moving average of $420.99 and a two-hundred day simple moving average of $362.31.
Key Stories Impacting VanEck Oil Services ETF
- Negative Sentiment: Crude and Brent prices fell sharply as traders priced in progress toward a U.S.-Iran deal, with multiple reports saying the market is leaning toward a ceasefire and reduced supply-risk premium. That weaker oil backdrop is a headwind for oil-services names like OIH. Oil prices fall after Trump says he will make final determination on Iran deal
- Negative Sentiment: Oil is on track for one of its biggest monthly drops since 2020, and Brent has fallen about 19% in May. A sustained move lower in crude tends to reduce urgency for drilling and services demand, which can pressure OIH. Oil Declines Lift Stocks to Fresh Records
- Negative Sentiment: Saudi Arabia may cut July oil prices to Asia again as demand weakens, reinforcing concerns that crude fundamentals are softening even with Middle East supply disruptions. Saudi Arabia may lower July oil prices to Asia as demand weakens
- Neutral Sentiment: Some reports argue the oil drawdown is not fully “fixed,” with inventories still tightening and shale producers limited by a record-low backlog of drilled-but-uncompleted wells. That could help support oil later, but it has not offset the near-term bearish price move. Record-low U.S. shale well backlog curbs fast output gains amid export surge
- Neutral Sentiment: RBC and other analysts warned that ceasefire optimism may be running ahead of reality, while inventory drawdowns remain deep. This keeps some upside risk in crude, but for now the market tone is still dominated by falling oil prices. Iran ceasefire hopes outrun reality as oil inventory drawdowns deepen, RBC warns
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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