9,955 Shares in SPDR S&P Oil & Gas Exploration & Production ETF $XOP Bought by MH & Associates Securities Management Corp ADV

MH & Associates Securities Management Corp ADV purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,955 shares of the company’s stock, valued at approximately $1,785,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principia Wealth Advisory LLC boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 4.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 2,385 shares of the company’s stock valued at $368,000 after purchasing an additional 105 shares during the last quarter. Stapp Wealth Management Pllc increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.5% during the third quarter. Stapp Wealth Management Pllc now owns 23,543 shares of the company’s stock worth $4,222,000 after buying an additional 118 shares during the period. Baird Financial Group Inc. raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 8.6% during the second quarter. Baird Financial Group Inc. now owns 1,564 shares of the company’s stock worth $241,000 after buying an additional 124 shares during the last quarter. Continuum Advisory LLC bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth $28,000. Finally, Compass Financial Management LLC bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth $34,000.

Key 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:

• Positive Sentiment: U.S. commercial crude inventories fell for a fifth consecutive week, and distillate stocks reached their lowest level in more than two decades. Tighter inventories could support oil prices and benefit XOP holdings. U.S. Crude Oil Stockpiles Post Fifth Straight Weekly Drop
• Neutral Sentiment: Investors were awaiting U.S. midterm election results, adding uncertainty to oil trading. Oil edges down as investors await US midterm election results
• Negative Sentiment: Physical-market signals point to weaker demand: refiners are reportedly turning down crude offers and Nigerian cargoes are going unsold. That may undermine oil prices despite futures markets’ geopolitical risk premium. Physical Oil Just Went From a Bidding War to a Fire Sale
• Negative Sentiment: JPMorgan says rising exports and weak demand are pushing the global oil market into surplus, a potentially significant headwind for exploration and production companies if prices weaken. JPMorgan says rising exports, weak demand push global oil market into surplus
• Negative Sentiment: The U.S. plans to loan about one-third of its heating-oil reserve to help tame prices. Added availability could weigh on heating-oil prices and broader energy sentiment. US to loan about a third of heating oil reserve in bid to tame prices

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 6.4%

XOP stock opened at $179.29 on Thursday. The firm has a market cap of $4.10 billion, a price-to-earnings 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 company’s fifty day simple moving average is $191.81 and its 200 day simple moving average is $171.07.

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.