Integrity Alliance LLC. purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,039 shares of the company’s stock, valued at approximately $545,000.
A number of other large investors have also recently modified their holdings of XOP. Envestnet Asset Management Inc. increased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 4,563.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 893,627 shares of the company’s stock worth $137,851,000 after purchasing an additional 874,463 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter worth $121,139,000. Mirae Asset Securities USA Inc. purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter worth $116,564,000. Proficio Capital Partners LLC grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1,118.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 567,264 shares of the company’s stock worth $87,506,000 after buying an additional 520,694 shares in the last quarter. Finally, Rokos Capital Management LLP bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter worth $55,271,000.
SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 0.2%
Shares of SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $173.77 on Friday. The firm has a market cap of $3.93 billion, a P/E ratio of 11.28 and a beta of 0.59. SPDR S&P Oil & Gas Exploration & Production ETF has a 12 month low of $123.16 and a 12 month high of $206.05. The stock’s fifty day moving average price is $191.36 and its 200-day moving average price is $171.51.
Trending Headlines about SPDR S&P Oil & Gas Exploration & Production ETF
Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:
- Positive Sentiment: Falling distillate inventories, resilient U.S. job growth and Middle East supply constraints are supporting a cautiously bullish longer-term view of oil, which could benefit exploration and production companies. Crude Oil Forecast: Why Falling Inventories Keep Supply Risks in Focus
- Positive Sentiment: Middle East supply risks helped put a floor under oil prices after a volatile selloff, while traders also bought the dip. Firmer crude can support the revenues and outlook of XOP’s holdings. Oil set for sharp weekly drop but Middle East supply concerns provide floor
- Neutral Sentiment: Oil remains volatile and range-bound: supply concerns and a rebound from technical support have been offset by resistance levels and signals of further downside risk. WTI Price Forecast: Crude Oil Rebounds From Critical Support
- Negative Sentiment: Analysts and traders see signs of excess oil supply as high prices curb demand. A sharper-than-expected demand slowdown or glut could pressure crude prices and weigh on XOP’s energy producers. As high oil prices curb demand, fresh signs of glut appear
- Negative Sentiment: Oil was on track for a steep weekly decline, with prices also pressured by hopes of reduced Iran-war escalation and recovering Gulf supply. These developments may lessen the risk premium in crude. Oil falls for a fourth day on expectations for lower risk of Iran war escalation
About SPDR S&P Oil & Gas Exploration & Production ETF
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. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.
See Also
- Five stocks we like better than SPDR S&P Oil & Gas Exploration & Production ETF
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for SPDR S&P Oil & Gas Exploration & Production ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Oil & Gas Exploration & Production ETF and related companies with MarketBeat.com's FREE daily email newsletter.
