Renaissance Technologies LLC Purchases New Shares in VanEck Oil Services ETF $OIH

Renaissance Technologies LLC purchased a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 10,910 shares of the company’s stock, valued at approximately $4,410,000.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in shares of VanEck Oil Services ETF during the 1st quarter worth approximately $31,000. SBI Securities Co. Ltd. grew its holdings in shares of VanEck Oil Services ETF by 66.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock valued at $25,000 after acquiring an additional 35 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of VanEck Oil Services ETF during the third quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of VanEck Oil Services ETF during the first quarter valued at approximately $41,000. Finally, Geneos Wealth Management Inc. bought a new stake in VanEck Oil Services ETF during the first quarter worth $44,000. 94.50% of the stock is owned by institutional investors.

VanEck Oil Services ETF News Summary

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

• Positive Sentiment: Oil prices rose as traders assessed potential disruptions linked to renewed fighting in Yemen and broader Middle East tensions, supporting the outlook for oilfield-services demand. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Houthis Attack Saudi-Backed Forces In Yemen
• Positive Sentiment: Crude also gained in Asian trading as investors worried about possible supply interruptions in the Middle East. Ongoing disruptions could keep prices elevated and improve revenue prospects for OIH’s holdings. Oil Rises Amid Supply-Disruption Concerns
• Positive Sentiment: Gulf exports remained roughly 40% below pre-war levels, while interruptions affected the Caspian Pipeline Consortium. These constraints reinforce the near-term supply-risk premium in oil markets. Gulf oil exports steady in July, still 40% below pre-war mark
• Neutral Sentiment: WTI’s technical outlook is focused on whether it can reclaim its 200-day moving average. A sustained recovery could further support OIH, while a failure would signal weaker momentum. Crude Oil Price Forecast: Reversal Tests Key Support
• Negative Sentiment: A surprise increase in U.S. crude inventories and OPEC+ plans to raise September output are weighing on the supply-demand outlook and could limit oil-price gains. Natural Gas and Oil Forecast: OPEC Supply Shift, EIA Inventory Build Weigh on Crude
• Negative Sentiment: Progress in Iran-Oman discussions and hopes for reopening the Strait of Hormuz have periodically pushed oil lower by reducing fears of prolonged supply shortages. Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal
• Negative Sentiment: Volatile oil prices have sharply reduced U.S. upstream oil-and-gas dealmaking, indicating cautious producer spending—an indirect risk for oilfield-services companies held by OIH. US upstream oil and gas second-quarter dealmaking dives on volatility

VanEck Oil Services ETF Trading Up 1.8%

OIH stock opened at $392.08 on Friday. The stock has a market cap of $1.94 billion, a P/E ratio of 10.97 and a beta of 0.88. The stock’s fifty day simple moving average is $390.41 and its two-hundred day simple moving average is $394.95. VanEck Oil Services ETF has a 1-year low of $232.39 and a 1-year high of $459.28.

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.