VanEck Oil Services ETF $OIH Shares Newly Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new position in VanEck Oil Services ETF (NYSEARCA:OIH) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,129 shares of the company’s stock, valued at approximately $1,184,000.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of VanEck Oil Services ETF by 11.1% during the 1st quarter. Bank of America Corp DE now owns 422,973 shares of the company’s stock valued at $170,970,000 after purchasing an additional 42,166 shares during the last quarter. Royal Bank of Canada lifted its position in VanEck Oil Services ETF by 62.5% in the first quarter. Royal Bank of Canada now owns 80,889 shares of the company’s stock valued at $32,696,000 after purchasing an additional 31,116 shares during the last quarter. Arlington Capital Management Inc. bought a new stake in VanEck Oil Services ETF in the second quarter valued at approximately $9,317,000. Cetera Investment Advisers boosted its stake in shares of VanEck Oil Services ETF by 67.3% during the first quarter. Cetera Investment Advisers now owns 21,094 shares of the company’s stock valued at $8,527,000 after purchasing an additional 8,488 shares during the period. Finally, Petra Financial Advisors Inc. purchased a new position in shares of VanEck Oil Services ETF in the first quarter worth $7,347,000. 94.50% of the stock is owned by hedge funds and other institutional investors.

VanEck Oil Services ETF Stock Down 5.5%

NYSEARCA:OIH opened at $389.03 on Tuesday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 21.88 and a beta of 0.96. The company has a fifty day moving average of $400.63 and a 200 day moving average of $396.77. VanEck Oil Services ETF has a 52 week low of $270.55 and a 52 week high of $459.28.

Key Headlines Impacting VanEck Oil Services ETF

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

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.