VanEck Oil Services ETF (NYSEARCA:OIH) Hits New 1-Year High – What’s Next?

Shares of VanEck Oil Services ETF (NYSEARCA:OIH) reached a new 52-week high on Wednesday . The stock traded as high as $386.76 and last traded at $384.7060, with a volume of 82348 shares traded. The stock had previously closed at $375.58.

Key VanEck Oil Services ETF News

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

• Positive Sentiment: Geopolitical escalation talk from U.S. officials pushed oil prices higher, supporting oil services names through near‑term price strength. Oil jumps more than 2% after Vance says Iran ignored key U.S. demand, military strikes on the table
• Positive Sentiment: Ongoing Russia–Ukraine tensions also gave crude a bounce, a direct tailwind for oil services exposure like OIH. Crude Oil Price Analysis – Oil Bounces on Tensions
• Positive Sentiment: Japan’s pledge to invest ~$36B in U.S. oil, gas and critical‑mineral projects could support future drilling and services activity in North America, a longer‑term positive for OIH constituents. Trump lauds Japan’s pledge to invest $36 billion in U.S. oil, gas and critical mineral projects
• Positive Sentiment: Suriname and Guyana forming a joint team to explore gas projects points to expanding regional upstream activity that could lift demand for services and equipment. Suriname, Guyana to form team to explore joint gas projects, oil minister says
• Neutral Sentiment: Oil futures are consolidating as traders weigh U.S.–Iran developments; consolidation can mean greater intra‑day volatility for OIH without a clear directional signal. Oil Futures Consolidate as Traders Assess U.S.-Iran Developments
• Neutral Sentiment: ENI weighing a return to oil & gas trading may increase market liquidity and volatility in energy markets, an indirect factor for services demand. Italy’s Eni plots return to oil and gas trading, FT reports
• Negative Sentiment: Progress or talks that reduce the Iran risk premium are pushing prices down from earlier highs, a headwind for oil services equities. Oil prices lose ground on hopes of de-escalation in US-Iran tensions
• Negative Sentiment: Rising inventories and output increases (e.g., Tengiz ramp, U.S. stock builds) are cited as capping crude’s upside, which could restrain spending by drillers and hit services demand. Natural Gas and Oil Forecast: Tengiz Output Surge Caps Crude at $70?
• Negative Sentiment: EU statements that there’s no short‑term supply risk in affected member states lower immediate disruption fears and reduce a portion of the geopolitical upside for oil. EU says no short-term oil supply risk in Hungary, Slovakia

VanEck Oil Services ETF Trading Up 2.4%

The company has a market capitalization of $2.29 billion, a P/E ratio of 10.97 and a beta of 1.16. The firm’s 50 day moving average price is $324.20 and its two-hundred day moving average price is $286.11.

Institutional Investors Weigh In On VanEck Oil Services ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. bought a new stake in VanEck Oil Services ETF during the second quarter worth about $5,846,000. Envestnet Asset Management Inc. grew its stake in VanEck Oil Services ETF by 30.6% in the second quarter. Envestnet Asset Management Inc. now owns 2,433 shares of the company’s stock valued at $560,000 after purchasing an additional 570 shares in the last quarter. Gendell Jeffrey L increased its position in shares of VanEck Oil Services ETF by 34.8% during the 2nd quarter. Gendell Jeffrey L now owns 135,197 shares of the company’s stock worth $31,135,000 after purchasing an additional 34,880 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of VanEck Oil Services ETF during the 3rd quarter worth approximately $570,000. Finally, JPMorgan Chase & Co. grew its stake in shares of VanEck Oil Services ETF by 45.3% in the second quarter. JPMorgan Chase & Co. now owns 48,866 shares of the company’s stock valued at $11,253,000 after buying an additional 15,230 shares in the last quarter. 94.50% of the stock is currently owned by institutional investors and hedge funds.

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.