Bank Pictet & Cie Europe AG Purchases 86,875 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Bank Pictet & Cie Europe AG acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 86,875 shares of the company’s stock, valued at approximately $15,579,000. Bank Pictet & Cie Europe AG owned 0.39% of SPDR S&P Oil & Gas Exploration & Production ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Continuum Advisory LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at about $28,000. Compass Financial Management LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth about $34,000. Capital Analysts LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth about $41,000. Essential Partners LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter worth about $44,000. Finally, Advisors Preferred LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter worth about $63,000.

SPDR S&P Oil & Gas Exploration & Production ETF News Summary

Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: WTI crude rose for a ninth consecutive session and moved above $107, while Brent reached a five-month high. Higher oil prices generally improve revenue and cash-flow expectations for XOP’s U.S. exploration and production holdings. U.S. oil surges to top $107, Brent crude at five-month high amid Mideast tensions
• Positive Sentiment: Persistent Middle East tensions, attacks affecting regional energy infrastructure and concerns about Gulf supply disruptions are keeping a risk premium in crude markets. The resulting bullish oil outlook is the main positive catalyst for XOP. Oil Prices Up as Traders Weigh Middle East Supply Risks
• Positive Sentiment: U.S. crude inventories reportedly fell by 8.6 million barrels while refinery runs increased, reinforcing the near-term demand and supply-tightness case for oil producers. Crude Oil Price Analysis – Oil Prices Eye Higher Levels as US Crude Inventories Fall and Refinery Runs Rise
• Neutral Sentiment: XOP reached a new 12-month high, indicating strong momentum, but the move may also leave the ETF vulnerable to profit-taking after its extended advance. SPDR S&P Oil & Gas Exploration & Production ETF Sets New 12-Month High
• Negative Sentiment: The International Energy Agency said members could proceed with additional oil-stock releases and that timing is up to individual countries. More emergency supply could limit crude’s rally and reduce the immediate benefit to XOP producers. IEA ready to go if further oil stocks release needed
• Negative Sentiment: Unusually heavy put-option activity in XOP suggests some traders are hedging against a pullback or positioning for downside, potentially weighing on sentiment despite strong crude prices.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Performance

Shares of XOP stock traded down $0.05 during midday trading on Tuesday, hitting $199.42. 1,337,658 shares of the company were exchanged, compared to its average volume of 4,007,302. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $122.83 and a 52 week high of $202.28. The firm has a market capitalization of $4.39 billion, a P/E ratio of 11.28 and a beta of 0.64. The firm’s 50 day moving average price is $188.56 and its two-hundred day moving average price is $174.53.

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.