Investment House LLC Sells 1,518 Shares of VanEck Oil Services ETF $OIH

Investment House LLC lowered its holdings in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 46.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,729 shares of the company’s stock after selling 1,518 shares during the quarter. Investment House LLC’s holdings in VanEck Oil Services ETF were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Altfest L J & Co. Inc. bought a new position in VanEck Oil Services ETF during the fourth quarter valued at $3,262,000. Fortis Capital Advisors LLC bought a new position in VanEck Oil Services ETF during the fourth quarter valued at $2,535,000. JPMorgan Chase & Co. lifted its position in VanEck Oil Services ETF by 189.7% during the third quarter. JPMorgan Chase & Co. now owns 141,542 shares of the company’s stock valued at $36,788,000 after purchasing an additional 92,676 shares during the last quarter. Marks Wealth LLC bought a new position in VanEck Oil Services ETF during the fourth quarter valued at $8,129,000. Finally, Belpointe Asset Management LLC bought a new position in VanEck Oil Services ETF during the fourth quarter valued at $2,535,000. Institutional investors own 94.50% of the company’s stock.

VanEck Oil Services ETF Stock Up 0.0%

OIH stock opened at $451.04 on Thursday. VanEck Oil Services ETF has a 52 week low of $210.70 and a 52 week high of $459.28. The company has a fifty day simple moving average of $413.23 and a two-hundred day simple moving average of $354.96. The firm has a market capitalization of $2.53 billion, a P/E ratio of 10.97 and a beta of 0.89.

Key Headlines Impacting VanEck Oil Services ETF

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

• Positive Sentiment: U.S. crude stockpiles posted a much larger-than-expected draw, with the EIA reporting a record 17.8 million-barrel withdrawal, signaling tight supply and supporting upstream spending. US draws down record volumes of crude oil from stocks, EIA says
• Positive Sentiment: Another report showed U.S. crude and gasoline inventories fell again last week, reinforcing the view that oil markets remain tight and that producers may keep investing in services activity. US crude and gasoline inventories fell last week, distillates rose – EIA says
• Positive Sentiment: War-driven supply disruptions and elevated gasoline prices heading into Memorial Day travel season kept energy markets firm, which can lift oil services stocks if producers respond with more drilling and maintenance spending. More gasoline price shocks might hit US drivers this summer travel season
• Neutral Sentiment: Oil prices were volatile as traders weighed mixed Iran headlines, with some reports pointing to ongoing risk while others said diplomacy and tanker traffic through Hormuz were easing the war premium. Oil prices ease after Trump says US will end Iran war ‘very quickly’
• Neutral Sentiment: Reports that oil fell after signs of renewed tanker movement in the Strait of Hormuz likely helped ease supply fears, which could soften near-term upside for OIH if crude remains under pressure. Oil Prices Fall After Reports Supertankers Are Moving Through Strait of Hormuz
• Negative Sentiment: Oil also sold off on hopes for an Iran deal, a development that could reduce the geopolitical risk premium and weigh on oil-related equities if prices stay softer. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 5.5% As Traders Bet On Iran Deal

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.