JPMorgan Chase & Co. Acquires 92,676 Shares of VanEck Oil Services ETF $OIH

JPMorgan Chase & Co. lifted its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 189.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,542 shares of the company’s stock after buying an additional 92,676 shares during the period. JPMorgan Chase & Co. owned approximately 3.58% of VanEck Oil Services ETF worth $36,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in VanEck Oil Services ETF in the 3rd quarter valued at $43,000. XTX Topco Ltd acquired a new stake in shares of VanEck Oil Services ETF during the 3rd quarter worth $962,000. Wexford Capital LP acquired a new stake in shares of VanEck Oil Services ETF during the 3rd quarter worth $27,000. Verition Fund Management LLC bought a new position in shares of VanEck Oil Services ETF in the third quarter worth $515,000. Finally, Pureheart Capital Pte Ltd. acquired a new position in VanEck Oil Services ETF in the third quarter valued at about $12,216,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

Key Stories Impacting VanEck Oil Services ETF

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

• Positive Sentiment: UBS raised near‑term oil price forecasts (Brent to $86 in 2026 and $80 in 2027), which supports stronger margins and activity for oil‑services firms in the ETF. UBS raises oil price forecasts at Middle East conflict escalates
• Positive Sentiment: Macro analysis argues oil prices may stay elevated even if direct conflict eases, implying a sustained revenue tailwind for oil‑services companies. Here’s Why Oil Prices May Remain High Even If the Iran War Ends
• Positive Sentiment: Prediction‑market odds (65%) that crude stays above $100 by month‑end indicate sustained trader conviction in tight supply — bullish for dayrates and capital spending in the services sector. Traders give 65% odds of oil holding above $100 a barrel to end of March
• Neutral Sentiment: Mexico’s Pemex is taking a “wait‑and‑see” approach to exports as prices climb — could limit short‑term supply but is ambiguous for global services demand. Mexico’s Pemex taking ‘wait-and-see’ approach on exports as oil prices climb, minister says
• Neutral Sentiment: Japan considering domestic stockpiling of U.S. oil points to demand reshuffling and strategic buying rather than an immediate services boost. Japan may stockpile US oil domestically, PM says
• Negative Sentiment: Baker Hughes reported U.S. drillers cut oil and gas rigs for the first time in three weeks — a direct negative for utilization and revenue at oil‑services contractors in OIH. US drillers cut oil and gas rigs for first time in three weeks, says Baker Hughes
• Negative Sentiment: U.S. officials are weighing releasing stranded Iranian crude; if realized, that could ease the recent supply premium and remove a price tailwind for services names. Removing sanctions on Iran oil will bring supplies into ports, US energy secretary says
• Negative Sentiment: News that leaders sought to calm markets and oil pulled back from highs reduced risk premia — a short‑term headwind for services stocks priced on high oil. Oil Pulls Back from Highs as Leaders Seek to Calm Markets

VanEck Oil Services ETF Stock Down 1.4%

OIH stock opened at $386.97 on Friday. VanEck Oil Services ETF has a 52 week low of $191.21 and a 52 week high of $406.12. The business has a 50-day simple moving average of $366.48 and a 200 day simple moving average of $308.69. The company has a market cap of $2.30 billion, a PE ratio of 10.97 and a beta of 1.16.

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.