VanEck Oil Services ETF (NYSEARCA:OIH) Reaches New 52-Week High – Time to Buy?

VanEck Oil Services ETF (NYSEARCA:OIH)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $337.58 and last traded at $336.7740, with a volume of 156928 shares. The stock had previously closed at $324.38.

Key Stories Impacting VanEck Oil Services ETF

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

• Positive Sentiment: Force majeure at Kazakhstan’s Tengiz field after a fire raises short?term crude supply risk, supporting service activity (drilling, repairs, logistics). Kazakhstan’s CPC oil exports face new setback after force majeure at Tengiz field
• Positive Sentiment: Bottlenecks at the Caspian Pipeline Consortium (CPC) and related maintenance are constraining exports, prompting more local handling and likely near?term demand for services to manage rerouted flows. Kazakhstan’s CPC oil exports face new setback after force majeure at Tengiz field
• Positive Sentiment: Kashagan crude diverted to Kazakhstan’s domestic market for the first time due to Black Sea export bottlenecks — an operational shift that can lift local service work and short?term activity for firms in the region. Giant Kazakh field diverts oil to local market due to CPC bottlenecks, sources say
• Positive Sentiment: Venezuelan exports under a U.S. supply deal are progressing slowly, meaning the expected surge in Venezuelan volumes has not fully materialized — a smaller near?term supply increase is supportive for oil and services. Venezuelan oil exports under supply deal with US progressing slowly -documents, data
• Neutral Sentiment: IEA lifted its 2026 oil demand growth forecast but warned a supply surplus persists — a mixed signal that can limit a durable rally in oil prices and thus cap upside for oil services. IEA Lifts Oil Demand Forecast But Warns Supply Surplus Persists
• Neutral Sentiment: Chevron plans to sell Singapore refining/distribution assets (Q1 close) — corporate asset moves may shift regional refining dynamics over time but are unlikely to immediately move global services demand. Exclusive: Chevron plans to finalise Singapore oil assets sale in Q1, sources say
• Negative Sentiment: WTI fell as perceived risks from Kazakh production halts eased and expectations of U.S. inventory builds persisted — downward price pressure can weigh on capital spending and services demand. WTI oil prices fall as risks from Kazakh production halt subside
• Negative Sentiment: Technical/analysis pieces and reports of rising U.S. crude stocks suggest near?term pressure on oil prices; if prices weaken, offshore/onshore services capex could be delayed. Natural Gas and Oil Forecast: Brent Eyes $66.80 Resistance – Is a Bullish Breakout Ahead?

VanEck Oil Services ETF Stock Performance

The company has a fifty day moving average price of $296.47 and a two-hundred day moving average price of $269.95. The company has a market cap of $1.74 billion, a P/E ratio of 10.97 and a beta of 1.16.

Institutional Investors Weigh In On VanEck Oil Services ETF

A number of institutional investors and hedge funds have recently made changes to their positions in OIH. NewEdge Advisors LLC grew its position in shares of VanEck Oil Services ETF by 30.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,629 shares of the company’s stock valued at $689,000 after acquiring an additional 614 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in VanEck Oil Services ETF by 5.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,468 shares of the company’s stock valued at $355,000 after purchasing an additional 77 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in VanEck Oil Services ETF by 5.9% during the second quarter. ST Germain D J Co. Inc. now owns 1,233 shares of the company’s stock worth $284,000 after purchasing an additional 69 shares during the period. Janney Montgomery Scott LLC increased its position in VanEck Oil Services ETF by 6.0% during the second quarter. Janney Montgomery Scott LLC now owns 1,412 shares of the company’s stock worth $325,000 after buying an additional 80 shares during the last quarter. Finally, Truist Financial Corp increased its position in VanEck Oil Services ETF by 9.4% during the second quarter. Truist Financial Corp now owns 5,384 shares of the company’s stock worth $1,240,000 after buying an additional 463 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

About VanEck Oil Services ETF

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.