19,104 Shares of VanEck Oil Services ETF $OIH Acquired by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC bought a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,104 shares of the company’s stock, valued at approximately $7,228,000. VanEck Oil Services ETF accounts for 1.3% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position.

Other large investors have also recently modified their holdings of the company. IFP Advisors Inc increased its stake in shares of VanEck Oil Services ETF by 7.3% in the third quarter. IFP Advisors Inc now owns 546 shares of the company’s stock worth $207,000 after purchasing an additional 37 shares in the last quarter. Allworth Financial LP lifted its stake in shares of VanEck Oil Services ETF by 125.0% during the 2nd quarter. Allworth Financial LP now owns 81 shares of the company’s stock valued at $30,000 after buying an additional 45 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of VanEck Oil Services ETF during the 1st quarter valued at approximately $31,000. CX Institutional purchased a new stake in shares of VanEck Oil Services ETF during the 3rd quarter valued at approximately $32,000. Finally, Lee Danner & Bass Inc. lifted its stake in shares of VanEck Oil Services ETF by 1.1% during the 1st quarter. Lee Danner & Bass Inc. now owns 8,453 shares of the company’s stock valued at $3,417,000 after buying an additional 90 shares in the last quarter. Hedge funds and other 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: WTI and Brent crude remain near multi-month highs as falling inventories, Middle East supply risks and continued dip-buying support prices. WTI is approaching resistance near $105-$106.50, while Brent is testing levels above $114. Crude Oil Price Forecast – Oil Continues to Grind Higher
• Positive Sentiment: A tanker attack near the Strait of Hormuz and continuing Houthi and Yemen-related tensions are increasing concerns about disruptions to crude production and shipping, supporting a geopolitical risk premium in oil prices. Crude Oil Price Forecast: WTI, Brent Rise After Hormuz Tanker Attack
• Positive Sentiment: ExxonMobil and Chevron reported better-than-expected third-quarter results and reached record highs, while BP posted $8.5 billion in underlying replacement-cost profit. The results reinforce the earnings strength of large energy producers and the favorable backdrop for oil-service providers. Oil Giants Chevron, ExxonMobil Tap Record Highs After Earnings
• Positive Sentiment: An analyst reiterated a Buy rating on OIH, citing elevated oil prices, supply disruptions and the ETF’s strong correlation with crude. SLB, Baker Hughes and Halliburton represent more than 37% of the fund’s assets. OIH Remains A Buy Despite The Correction
• Neutral Sentiment: Crude’s rally faces technical resistance, and mixed inventory and demand signals could limit near-term gains even as forecasts identify potential breakouts toward $120. WTI Price Forecast: Triangle Breakout Could Extend Above $106.84
• Negative Sentiment: The United States is loaning approximately 40 million barrels from the Strategic Petroleum Reserve under a broader international agreement. Additional supply could temporarily pressure crude prices and weigh on oil-service stocks. US loans 40 million barrels of oil from SPR

VanEck Oil Services ETF Stock Performance

OIH opened at $411.57 on Monday. The company has a 50 day moving average of $401.16 and a 200 day moving average of $396.43. The company has a market cap of $1.93 billion, a PE ratio of 21.88 and a beta of 0.96. VanEck Oil Services ETF has a 12 month low of $270.55 and a 12 month high of $459.28.

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.