Leuthold Group LLC Invests $658,000 in VanEck Oil Services ETF $OIH

Leuthold Group LLC purchased a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,310 shares of the company’s stock, valued at approximately $658,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. increased its holdings in 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 purchasing an additional 35 shares during the last quarter. Wexford Capital LP acquired a new stake in VanEck Oil Services ETF in the 3rd quarter valued at approximately $27,000. Founders Financial Alliance LLC acquired a new stake in VanEck Oil Services ETF in the 3rd quarter valued at approximately $33,000. Advisory Services Network LLC acquired a new stake in VanEck Oil Services ETF in the 3rd quarter valued at approximately $43,000. Finally, Qube Research & Technologies Ltd acquired a new stake in VanEck Oil Services ETF in the 2nd quarter valued at approximately $53,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Performance

VanEck Oil Services ETF stock opened at $440.52 on Monday. VanEck Oil Services ETF has a fifty-two week low of $210.70 and a fifty-two week high of $450.85. The firm has a 50 day moving average price of $408.73 and a 200 day moving average price of $351.40. The company has a market capitalization of $2.47 billion, a PE ratio of 10.97 and a beta of 0.89.

Key Stories Impacting VanEck Oil Services ETF

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

• Positive Sentiment: Oil prices rose as traders priced in continued disruption risk around the Strait of Hormuz, with reports of ship attacks, seizures and limited flows keeping the market on edge. Higher crude typically boosts sentiment for oil services stocks like OIH. Oil rises as fears of ship attacks and seizures persist
• Positive Sentiment: Multiple reports said crude futures surged as U.S.-Iran tensions escalated and Trump warned Iran over Hormuz, while analysts warned Brent could spike materially higher in an extreme case. Sustained high oil prices can translate into stronger demand and pricing power for oilfield services. Oil News: Crude Oil Futures Surge as Trump Warns Iran Over Hormuz Capital Economics sees oil at $150 per barrel through 2027 an extreme case
• Positive Sentiment: U.S. oil refiners are seeing improved profits from biofuels due to new mandates and higher fuel prices, another sign that the broader energy complex is benefiting from tighter supply conditions. US oil refiners finally profit from biofuels due to mandates, high fuel prices
• Neutral Sentiment: Several articles noted that the U.S. and China have taken steps to ease the Middle East oil shock, including boosting exports, cutting imports and reaffirming that the Strait of Hormuz should remain open. That could temper the upside in crude if tensions cool. How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher Oil Prices Surge to End Bad Week After U.S.-China Summit Fails to Reopen Hormuz
• Negative Sentiment: There were also reports that geopolitical risk premiums may be fading in some near-term trading, with WTI pulling back in one forecast piece. If oil prices stabilize or ease, that could reduce the upside momentum for OIH. Natural Gas and Oil Forecast: WTI Pulls Back to $98.75 as Brent Stays Resilient

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.