VanEck Oil Services ETF $OIH Stock Holdings Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 11,700.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,000 shares of the company’s stock after purchasing an additional 133,856 shares during the period. International Assets Investment Management LLC owned 2.90% of VanEck Oil Services ETF worth $51,080,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new stake in shares of VanEck Oil Services ETF during the third quarter worth about $1,184,000. Apollon Wealth Management LLC purchased a new position in VanEck Oil Services ETF in the 3rd quarter valued at about $237,000. Wedbush Securities Inc. purchased a new position in VanEck Oil Services ETF in the 3rd quarter valued at about $293,000. Investment House LLC purchased a new position in VanEck Oil Services ETF in the 3rd quarter valued at about $743,000. Finally, Grandview Asset Management LLC acquired a new stake in VanEck Oil Services ETF in the 3rd quarter worth about $322,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

VanEck Oil Services ETF Trading Up 0.9%

OIH stock opened at $411.57 on Friday. VanEck Oil Services ETF has a 12-month low of $270.55 and a 12-month high of $459.28. The business’s 50-day moving average is $401.16 and its 200 day moving average is $396.43. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 21.88 and a beta of 0.97.

Key Headlines Impacting VanEck Oil Services ETF

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

• Positive Sentiment: WTI and Brent crude remain near multi-month highs as falling inventories, Middle East supply risks and continued dip-buying support prices. WTI is approaching resistance near $105-$106.50, while Brent is testing levels above $114. Crude Oil Price Forecast – Oil Continues to Grind Higher
• Positive Sentiment: A tanker attack near the Strait of Hormuz and continuing Houthi and Yemen-related tensions are increasing concerns about disruptions to crude production and shipping, supporting a geopolitical risk premium in oil prices. Crude Oil Price Forecast: WTI, Brent Rise After Hormuz Tanker Attack
• Positive Sentiment: ExxonMobil and Chevron reported better-than-expected third-quarter results and reached record highs, while BP posted $8.5 billion in underlying replacement-cost profit. The results reinforce the earnings strength of large energy producers and the favorable backdrop for oil-service providers. Oil Giants Chevron, ExxonMobil Tap Record Highs After Earnings
• Positive Sentiment: An analyst reiterated a Buy rating on OIH, citing elevated oil prices, supply disruptions and the ETF’s strong correlation with crude. SLB, Baker Hughes and Halliburton represent more than 37% of the fund’s assets. OIH Remains A Buy Despite The Correction
• Neutral Sentiment: Crude’s rally faces technical resistance, and mixed inventory and demand signals could limit near-term gains even as forecasts identify potential breakouts toward $120. WTI Price Forecast: Triangle Breakout Could Extend Above $106.84
• Negative Sentiment: The United States is loaning approximately 40 million barrels from the Strategic Petroleum Reserve under a broader international agreement. Additional supply could temporarily pressure crude prices and weigh on oil-service stocks. US loans 40 million barrels of oil from SPR

VanEck Oil Services ETF Company 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.