VanEck Oil Services ETF $OIH Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 281.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,278 shares of the company’s stock after buying an additional 2,419 shares during the period. HighTower Advisors LLC owned about 0.06% of VanEck Oil Services ETF worth $934,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. raised its stake in shares of VanEck Oil Services ETF by 66.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock valued at $25,000 after buying an additional 35 shares during the last quarter. Wexford Capital LP acquired a new stake in VanEck Oil Services ETF in the 3rd quarter worth about $27,000. Founders Financial Alliance LLC acquired a new stake in VanEck Oil Services ETF in the 3rd quarter worth about $33,000. Advisory Services Network LLC acquired a new stake in VanEck Oil Services ETF in the 3rd quarter worth about $43,000. Finally, Global Trust Asset Management LLC acquired a new stake in VanEck Oil Services ETF in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Price Performance

OIH opened at $414.70 on Friday. The company’s 50 day simple moving average is $423.83 and its two-hundred day simple moving average is $366.68. VanEck Oil Services ETF has a 1-year low of $226.48 and a 1-year high of $459.28. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.97 and a beta of 0.85.

More VanEck Oil Services ETF News

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

• Positive Sentiment: Geopolitical risk remains elevated, with Iran threatening a key Red Sea chokepoint and broader concerns over the Strait of Hormuz keeping a supply shock in play; that can support oil prices and benefit oil services companies. Iran’s threats against this Red Sea chokepoint are a big vulnerability for the oil market
• Positive Sentiment: Reuters reported global oil inventories are running very low and warned that another price spike could hit markets soon, reinforcing the idea of tighter supply and potentially stronger drilling/service demand. Global oil inventories depleted, next price spike could roil economies, markets
• Positive Sentiment: US oil exports are surging and domestic crude inventories are being drawn down, another sign of a tight market that could support upstream spending and oilfield activity. US oil exports surge, draining domestic crude inventories toward rock bottom
• Neutral Sentiment: Several updates suggest oil prices have softened on peace-talk hopes, a firmer dollar, and easing immediate war fears, which can temporarily pressure oil services shares. Oil News: Oil Outlook Darkens as Dollar Surge Pressures Futures
• Neutral Sentiment: Market commentary also pointed to a possible technical correction and consolidation in crude, adding near-term volatility for OIH without changing the broader bullish backdrop. Oil Futures Fall on Possible Technical Correction
• Negative Sentiment: Recent reports said oil prices fell as Lebanon-Israel ceasefire hopes and U.S.-Iran peace expectations reduced the immediate supply-risk premium, which can weigh on oil service equities like OIH. Oil falls as Lebanon and Israel agree to implement ceasefire

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.