VanEck Oil Services ETF $OIH Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 70.7% during the first quarter, Holdings Channel reports. The fund owned 2,147 shares of the company’s stock after selling 5,185 shares during the period. Private Advisor Group LLC’s holdings in VanEck Oil Services ETF were worth $868,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OIH. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in VanEck Oil Services ETF by 5.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 609,000 shares of the company’s stock valued at $173,425,000 after purchasing an additional 31,000 shares during the period. Morgan Stanley increased its holdings in VanEck Oil Services ETF by 6.2% during the 4th quarter. Morgan Stanley now owns 455,222 shares of the company’s stock worth $129,634,000 after purchasing an additional 26,633 shares during the period. Employees Provident Fund Board purchased a new stake in VanEck Oil Services ETF during the 4th quarter worth about $69,336,000. Wells Fargo & Company MN raised its position in VanEck Oil Services ETF by 9.7% in the 4th quarter. Wells Fargo & Company MN now owns 188,675 shares of the company’s stock valued at $53,729,000 after purchasing an additional 16,625 shares in the last quarter. Finally, Gendell Jeffrey L raised its position in VanEck Oil Services ETF by 79.9% in the 4th quarter. Gendell Jeffrey L now owns 146,532 shares of the company’s stock valued at $41,728,000 after purchasing an additional 65,084 shares in the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Key VanEck Oil Services ETF News

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

• Positive Sentiment: Oil prices jumped to a one-month high as the U.S. and Iran exchanged attacks in the Strait of Hormuz, raising the odds of supply disruptions and supporting oil-services stocks. Oil climbs to one-month high as US, Iran step up attacks in Strait of Hormuz
• Positive Sentiment: Brent and WTI futures continued to break higher, with some forecasts calling for a move toward $90 oil as traders price in broader Middle East supply risk. Oil Price Forecast: WTI and Brent Target 90 as Hormuz Risks Rise
• Positive Sentiment: Reuters reported Brent’s prompt structure strengthening to a one-month high, a sign traders are paying up for near-term supply security amid rising Iran tensions. Brent oil structure changes to reflect mounting supply risk as Iran tensions flare
• Positive Sentiment: Gasoline prices may soon climb back above $4 a gallon, reinforcing the market’s view that the oil rally could extend if shipping through Hormuz remains constrained. US drivers may soon see pump prices climb back up to $4
• Neutral Sentiment: OPEC trimmed its global oil-demand growth forecasts again, which is a longer-term headwind for energy markets but is being outweighed today by geopolitical supply fears. OPEC further lowers 2026 global oil demand growth forecast
• Negative Sentiment: OPEC’s weaker demand outlook and broader warnings about slowing oil demand could eventually cap the upside for oil-linked equities if Middle East tensions ease. OPEC Further Cuts This Year’s Oil Demand Forecast

VanEck Oil Services ETF Stock Performance

Shares of OIH opened at $385.41 on Wednesday. VanEck Oil Services ETF has a 1 year low of $231.46 and a 1 year high of $459.28. The stock has a market capitalization of $2.00 billion, a PE ratio of 10.97 and a beta of 0.87. The stock has a 50-day simple moving average of $409.22 and a 200-day simple moving average of $385.63.

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.