Howard Capital Management Group LLC Purchases New Holdings in VanEck Oil Services ETF $OIH

Howard Capital Management Group LLC purchased a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,090 shares of the company’s stock, valued at approximately $1,926,000.

Other large investors also recently modified their holdings of the company. Vontobel Holding Ltd. acquired a new stake in shares of VanEck Oil Services ETF in the third quarter worth $662,000. Banque Pictet & Cie SA bought a new position in VanEck Oil Services ETF during the third quarter worth $2,834,000. Columbia Advisory Partners LLC raised its stake in VanEck Oil Services ETF by 46.9% during the 3rd quarter. Columbia Advisory Partners LLC now owns 3,274 shares of the company’s stock valued at $1,239,000 after purchasing an additional 1,045 shares during the last quarter. BigSur Wealth Management LLC acquired a new position in VanEck Oil Services ETF during the 3rd quarter valued at $1,572,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in VanEck Oil Services ETF during the 3rd quarter valued at $5,055,000. 94.50% of the stock is currently owned by institutional investors and hedge funds.

VanEck Oil Services ETF News Roundup

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

• Positive Sentiment: WTI and Brent advanced sharply as traders prepared for a possible escalation between the U.S. and Iran, increasing concern about disruptions to Middle East production and shipping through the Strait of Hormuz. Oil soars as traders prepare for Middle East escalation
• Positive Sentiment: U.S. commercial crude inventories fell by 8.6 million barrels, while an earlier API report indicated an 11.1 million-barrel draw. Lower inventories, reduced production and imports, and stronger refinery utilization support higher crude prices and oilfield-services demand. U.S. crude stockpiles post large weekly drop
• Positive Sentiment: Technical forecasts point to continued bullish momentum, with WTI potentially targeting $100 after breaking out of a falling-wedge pattern. Higher oil prices could improve producers’ capital-spending outlook, benefiting OIH holdings. WTI targets $100
• Neutral Sentiment: The U.S. is soliciting an exchange involving up to 17 million barrels from the Strategic Petroleum Reserve, while the International Energy Agency plans an emergency release exceeding 400 million barrels, including more than 20 million barrels of diesel. These measures may temporarily ease prices but also underscore the severity of supply risks. IEA oil-stock release
• Negative Sentiment: Potential easing of U.S. sanctions on shadow-fleet tankers, Saudi Aramco’s offer of additional European cargoes, and recovering Gulf exports could improve supply and reduce shipping costs, limiting crude’s upside and creating a headwind for OIH. Saudi Aramco offers extra crude cargoes

VanEck Oil Services ETF Stock Up 1.5%

VanEck Oil Services ETF stock traded up $5.59 during mid-day trading on Friday, reaching $382.18. The company had a trading volume of 218,475 shares, compared to its average volume of 439,561. VanEck Oil Services ETF has a 52 week low of $246.20 and a 52 week high of $459.28. The company has a 50 day moving average of $405.22 and a 200-day moving average of $405.44. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 10.97 and a beta of 0.96.

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.