Van Den Berg Management I Inc. Reduces Position in SPDR S&P Oil & Gas Explore & Prod. (XOP)

Van Den Berg Management I Inc. cut its position in shares of SPDR S&P Oil & Gas Explore & Prod. (NYSEARCA:XOP) by 5.7% during the 4th quarter, HoldingsChannel reports. The firm owned 820,314 shares of the company’s stock after selling 49,398 shares during the period. SPDR S&P Oil & Gas Explore & Prod. accounts for about 3.4% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 9th biggest holding. Van Den Berg Management I Inc.’s holdings in SPDR S&P Oil & Gas Explore & Prod. were worth $30,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOP. Ameriprise Financial Inc. boosted its position in shares of SPDR S&P Oil & Gas Explore & Prod. by 1,025.3% during the second quarter. Ameriprise Financial Inc. now owns 20,897 shares of the company’s stock valued at $667,000 after purchasing an additional 19,040 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of SPDR S&P Oil & Gas Explore & Prod. by 5.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 122,057 shares of the company’s stock valued at $4,161,000 after purchasing an additional 6,167 shares in the last quarter. Lockheed Martin Investment Management Co. boosted its position in shares of SPDR S&P Oil & Gas Explore & Prod. by 7.1% during the third quarter. Lockheed Martin Investment Management Co. now owns 315,000 shares of the company’s stock valued at $10,738,000 after purchasing an additional 21,000 shares in the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of SPDR S&P Oil & Gas Explore & Prod. during the third quarter valued at approximately $971,000. Finally, Timber Hill LLC purchased a new position in SPDR S&P Oil & Gas Explore & Prod. during the third quarter valued at $5,915,000.

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SPDR S&P Oil & Gas Explore & Prod. (XOP) opened at $34.77 on Friday. The stock has a market capitalization of $2,390.00 and a price-to-earnings ratio of -1.59. SPDR S&P Oil & Gas Explore & Prod. has a one year low of $28.96 and a one year high of $40.19.

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SPDR S&P Oil & Gas Explore & Prod. Profile

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.

Want to see what other hedge funds are holding XOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Oil & Gas Explore & Prod. (NYSEARCA:XOP).

Institutional Ownership by Quarter for SPDR S&P Oil & Gas Explore & Prod. (NYSEARCA:XOP)

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