Northwestern Mutual Wealth Management Co. Sells 16,175 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Northwestern Mutual Wealth Management Co. cut its position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 41.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,916 shares of the company’s stock after selling 16,175 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $2,893,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XOP. Jones Financial Companies Lllp grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 6.6% in the first quarter. Jones Financial Companies Lllp now owns 7,389 shares of the company’s stock valued at $973,000 after buying an additional 457 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 21.0% in the second quarter. Cresset Asset Management LLC now owns 2,037 shares of the company’s stock valued at $256,000 after buying an additional 354 shares in the last quarter. Cerity Partners LLC grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 24.2% in the second quarter. Cerity Partners LLC now owns 11,355 shares of the company’s stock valued at $1,428,000 after buying an additional 2,210 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1,641.6% in the second quarter. Qube Research & Technologies Ltd now owns 7,367 shares of the company’s stock valued at $927,000 after buying an additional 6,944 shares in the last quarter. Finally, Caption Management LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at $1,642,000.

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

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

• Negative Sentiment: U.S. crude futures fell more than 6% after reports suggested the U.S. and Iran may be discussing a plan to reopen the Strait of Hormuz, which would reduce the geopolitical risk premium in oil prices. US crude futures fall over 6% on report of possible Strait of Hormuz reopening
• Negative Sentiment: Multiple reports said crude benchmarks dropped 4% to 7% as Trump described Iran negotiations as “constructive” and “proceeding nicely,” fueling expectations of more stable Middle East oil shipping and weaker oil prices. Oil prices fall more than 4% after Trump says Iran talks proceeding in a ‘constructive manner’
• Neutral Sentiment: Some analysts said even a U.S.-Iran deal may not return oil prices to pre-conflict levels this year, suggesting the downside for energy prices could be limited after the initial selloff. Oil Price Unlikely to Return to Pre-Conflict Levels This Year
• Neutral Sentiment: Shipping data showed vessels carrying Middle East oil and LNG still moving through the region, reinforcing the idea that supply fears are easing but not fully resolved. Vessels carrying Middle East oil, LNG exit Hormuz, head for Pakistan, China

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

Shares of SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $171.95 on Tuesday. The business has a fifty day simple moving average of $172.68 and a two-hundred day simple moving average of $149.76. SPDR S&P Oil & Gas Exploration & Production ETF has a 1 year low of $118.77 and a 1 year high of $190.36. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 11.28 and a beta of 0.56.

SPDR S&P Oil & Gas Exploration & Production ETF Company 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. 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.