Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in VanEck Oil Services ETF $OIH

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the 4th quarter, HoldingsChannel reports. The firm purchased 4,434 shares of the company’s stock, valued at approximately $1,263,000.

Several other hedge funds have also recently added to or reduced their stakes in OIH. SBI Securities Co. Ltd. raised its holdings in VanEck Oil Services ETF by 66.0% during the 4th 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 bought a new position in VanEck Oil Services ETF during the 3rd quarter worth approximately $27,000. Founders Financial Alliance LLC bought a new position in VanEck Oil Services ETF during the 3rd quarter worth approximately $33,000. Advisory Services Network LLC bought a new position in VanEck Oil Services ETF during the 3rd quarter worth approximately $43,000. Finally, Qube Research & Technologies Ltd bought a new position in VanEck Oil Services ETF during the 2nd quarter worth approximately $53,000. Institutional investors own 94.50% of the company’s stock.

Key Headlines Impacting VanEck Oil Services ETF

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

• Positive Sentiment: Oil prices were supported by renewed concerns that U.S.-Iran talks could stall, keeping the Strait of Hormuz supply risk in focus and improving the backdrop for oil services demand. US oil prices rise as investors doubt breakthrough in US-Iran peace talks
• Positive Sentiment: Multiple reports said oil resumed its rally after Iran reportedly insisted enriched uranium remain in the country, a development seen as complicating negotiations and keeping crude prices elevated. Oil resumes rally as Iran reportedly wants to keep enriched uranium within the country
• Positive Sentiment: IEA comments that the oil market could enter a “red zone” by July-August if stocks keep dwindling highlighted tighter fundamentals and reinforced the bullish case for oil-related shares. Oil market could hit ‘red zone’ in July-August, IEA chief says
• Neutral Sentiment: Intraday oil trading remained choppy, as traders balanced Middle East supply worries against headlines suggesting diplomatic progress, leaving energy equities without a clear directional catalyst. Crude Oil Price Analysis – Oil Remains Choppy on Friday
• Negative Sentiment: Later reports noted some investors saw signs of progress in U.S.-Iran diplomacy, which eased immediate supply fears and pressured crude lower, a headwind for OIH. Oil Climbs on U.S.-Iran Uncertainty, Stock Market Rally Holds

VanEck Oil Services ETF Stock Performance

VanEck Oil Services ETF stock opened at $443.96 on Friday. VanEck Oil Services ETF has a 52-week low of $211.87 and a 52-week high of $459.28. The firm has a 50 day moving average price of $415.66 and a two-hundred day moving average price of $356.71. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 10.97 and a beta of 0.89.

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.