Wealthfront Advisers LLC Boosts Stock Holdings in VanEck Oil Services ETF $OIH

Wealthfront Advisers LLC lifted its position in VanEck Oil Services ETF (NYSEARCA:OIH) by 78.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,672 shares of the company’s stock after acquiring an additional 2,488 shares during the quarter. Wealthfront Advisers LLC’s holdings in VanEck Oil Services ETF were worth $2,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OIH. SBI Securities Co. Ltd. boosted its holdings in VanEck Oil Services ETF by 66.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock worth $25,000 after purchasing an additional 35 shares during the last quarter. Wexford Capital LP purchased a new stake in VanEck Oil Services ETF in the 3rd quarter valued at about $27,000. Advisors Preferred LLC bought a new position in shares of VanEck Oil Services ETF during the 1st quarter worth approximately $31,000. Greykasell Wealth Strategies Inc. bought a new position in shares of VanEck Oil Services ETF during the 4th quarter worth approximately $33,000. Finally, Empowered Funds LLC purchased a new position in shares of VanEck Oil Services ETF in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Down 1.0%

OIH stock opened at $375.18 on Tuesday. The firm has a market cap of $1.97 billion, a PE ratio of 10.97 and a beta of 0.87. The business has a 50 day moving average of $405.44 and a 200-day moving average of $388.30. VanEck Oil Services ETF has a 12-month low of $231.82 and a 12-month high of $459.28.

Trending Headlines about VanEck Oil Services ETF

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

• Positive Sentiment: Oil prices are climbing as fighting between the U.S. and Iran intensifies, with Brent topping $90 and U.S. pump prices moving back above $4 a gallon. That typically supports demand for oil services and drilling activity expectations. Brent oil tops $90 as US, Iran intensify attacks in Middle East
• Positive Sentiment: Reports that the Bab el-Mandeb Strait could face a Houthi blockade and that few tankers are entering the Strait of Hormuz highlight heightened supply disruption risk, which can keep crude prices elevated and improve sentiment toward oil services names. Houthi Red Sea blockade would lift oil prices, but workarounds could limit impact Few tankers enter Hormuz to load oil, data shows
• Positive Sentiment: More evidence of supply tightness came from the suspension of Caspian Pipeline Consortium oil loadings after a tanker attack, reinforcing concerns that global crude transport could stay disrupted. CPC suspends oil loadings following attack on tanker, after brief resumption
• Neutral Sentiment: Oil markets remain volatile and headline-driven, with some commentary saying crude is stalling near key technical levels and futures are mixed as investors balance geopolitical risk against weaker demand forecasts. Crude Oil Price Analysis – Crude Oil Stalls at 50-Day EMA as Middle East Noise Persists Natural Gas and Oil Forecast: OPEC Demand Cut Meets Hormuz Tensions What’s Next for Oil?
• Negative Sentiment: One offsetting factor is that U.S. Strategic Petroleum Reserve inventories fell to the lowest level since 1983, which may limit the government’s ability to cushion a future supply shock and adds uncertainty around broader energy policy. Oil stocks in US Strategic Petroleum Reserve fall by 5.1 million barrels to lowest level since 1983

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.