VanEck Oil Refiners ETF Price & Performance (CRAK)

Oppenheimer & Co. Inc. has significantly reduced its stake in the VanEck Oil Services ETF, cutting its position by 84.1% in the fourth quarter. The firm now holds 1,719 shares valued at $466,000, reflecting a broader trend among institutional investors adjusting their energy sector exposure.1

SBI Securities Co. Ltd. has made a new investment in the VanEck Oil Services ETF, purchasing 100 shares worth $27,000 during the fourth quarter. This move comes amid fluctuating energy markets and reflects ongoing interest in oil service-focused exchange-traded funds.2

The VanEck Oil Services ETF has dropped 17% over the past year, with an additional 8% decline this year. The oil services sector is navigating challenges tied to fiscal policies and market uncertainties, raising speculation about potential consolidation and increased activist investor activity.3