3,129 Shares of VanEck Oil Services ETF $OIH Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 3,129 shares of the company’s stock, valued at approximately $1,184,000. Oppenheimer & Co. Inc. owned approximately 0.07% of VanEck Oil Services ETF at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Advisors Preferred LLC purchased a new position in VanEck Oil Services ETF during the 1st quarter valued at about $31,000. Allworth Financial LP boosted its holdings in VanEck Oil Services ETF by 125.0% in the 2nd quarter. Allworth Financial LP now owns 81 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. CX Institutional purchased a new position in shares of VanEck Oil Services ETF during the 3rd quarter valued at $32,000. Essential Partners LLC bought a new position in shares of VanEck Oil Services ETF in the first quarter worth $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in VanEck Oil Services ETF during the first quarter valued at $41,000. 94.50% of the stock is owned by institutional investors.

VanEck Oil Services ETF Stock Down 5.5%

Shares of NYSEARCA OIH opened at $389.03 on Tuesday. The stock’s 50-day simple moving average is $400.63 and its two-hundred day simple moving average is $396.77. VanEck Oil Services ETF has a twelve month low of $270.55 and a twelve month high of $459.28. The firm has a market capitalization of $1.83 billion, a P/E ratio of 21.88 and a beta of 0.96.

VanEck Oil Services ETF News Summary

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Global oil inventories have reportedly fallen by nearly 1 billion barrels since the Strait of Hormuz disruption, signaling that physical supply remains tight. Sustained inventory depletion could support crude prices and oilfield-services demand over time. Nearly 1 billion oil barrels drained from global inventories since Hormuz disruption
• Positive Sentiment: Recent inventory draws in both WTI and Brent provide a constructive fundamental signal, although traders have not yet treated the draws as a reason to aggressively buy crude. WTI and Brent: Inventory Draws Meet an Unchanged OPEC+ Policy
• Neutral Sentiment: OPEC+ is keeping December production targets unchanged. The policy avoids an immediate increase in supply, but Gulf producers are gradually restoring exports while many members remain below target, leaving the net supply impact uncertain. OPEC+ keeps December oil output targets steady
• Negative Sentiment: WTI and Brent are under renewed selling pressure despite inventory draws and the unchanged OPEC+ policy, weakening the near-term outlook for oilfield-services revenue and activity. WTI and Brent: Inventory Draws Meet an Unchanged OPEC+ Policy
• Negative Sentiment: Diplomatic efforts to end the Iran conflict have reduced the geopolitical risk premium in crude, contributing to oil’s decline. A potential peace deal could further improve supply expectations and pressure prices. Oil slips as talks continue on ending Iran war
• Negative Sentiment: Lower oil prices are easing inflation concerns and reducing expectations for Federal Reserve tightening. While that may help broad equities, it removes support from the energy trade and weighs on OIH’s near-term performance. Gold rebounds as oil plunge pressures Fed hike expectations

VanEck Oil Services ETF Company Profile

(Free Report)

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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