VanEck Oil Services ETF (NYSEARCA:OIH) Hits New 12-Month High – Should You Buy?

VanEck Oil Services ETF (NYSEARCA:OIH) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $363.98 and last traded at $361.1670, with a volume of 69453 shares. The stock had previously closed at $357.33.

More VanEck Oil Services ETF News

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

• Positive Sentiment: API inventory draw and renewed Middle East tensions lifted futures and strengthened the bullish outlook for crude, supporting demand for oilfield services and rig activity. Oil News: Bullish Oil Outlook Builds as Supply Risks and API Drawdown Support Futures
• Positive Sentiment: Reports of drone/tanker incidents and tighter regional tensions have pushed oil higher, helping Gulf markets and sentiment for energy names, which typically benefits OIH constituents. Gulf stocks rise on firmer oil, earnings; Mideast tensions in focus
• Positive Sentiment: The U.S.-India trade announcement — if it leads to a meaningful drop in Indian purchases of Russian crude — would tighten seaborne supply and pressure Russian export revenue, a bullish dynamic for global oil and service demand. (Note: India and Russia have given mixed responses.) Trump’s India pact to make big dent in Russian oil revenue
• Neutral Sentiment: Pemex confirmed it will uphold a single oil export contract with Cuba from 2023 — a small, localized supply item unlikely to move U.S. service demand materially. Mexico’s Pemex to uphold oil exporting contract with Cuba
• Neutral Sentiment: The U.S. may issue a general license allowing U.S. companies to produce in Venezuela; that could raise future supply and capex opportunities for service providers but timing and scope remain uncertain. U.S. could issue general license for oil companies to produce in Venezuela this week, source says
• Negative Sentiment: U.S. Gulf refiners are struggling to absorb a sudden surge of Venezuelan crude after a supply deal, which has pressured prices and could restrain near-term service-sector activity if refiners’ margins stay squeezed. US refiners struggle to absorb sudden surge in Venezuelan oil imports
• Negative Sentiment: Easing U.S.–Iran tensions and talk of de‑escalation have periodically removed the geopolitical risk premium, putting downward pressure on prices and thus posing a headwind for oil-service names if sustained. Oil Prices Slide as U.S.–Iran Talks Ease Geopolitical Risk and Remove Fear Premium

VanEck Oil Services ETF Stock Performance

The company’s fifty day simple moving average is $309.30 and its 200-day simple moving average is $277.30. The company has a market capitalization of $2.01 billion, a P/E ratio of 10.97 and a beta of 1.16.

Hedge Funds Weigh In On VanEck Oil Services ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its stake in VanEck Oil Services ETF by 66.0% in 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 in the last quarter. MTM Investment Management LLC acquired a new stake in shares of VanEck Oil Services ETF during the second quarter worth $27,000. Wexford Capital LP purchased a new stake in shares of VanEck Oil Services ETF during the third quarter valued at $27,000. Founders Financial Alliance LLC acquired a new position in shares of VanEck Oil Services ETF in the 3rd quarter valued at $33,000. Finally, Advisory Services Network LLC purchased a new position in VanEck Oil Services ETF in the 3rd quarter worth $43,000. 94.50% of the stock is owned by hedge funds and other institutional investors.

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.