Kestra Private Wealth Services LLC lessened its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 81.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,640 shares of the company’s stock after selling 24,061 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $1,011,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of XOP. MH & Associates Securities Management Corp ADV bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth approximately $1,785,000. Integrity Alliance LLC. bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at $545,000. Mirae Asset Global Investments Co. Ltd. bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at $565,000. MGO One Seven LLC grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 2.0% during the 3rd quarter. MGO One Seven LLC now owns 13,087 shares of the company’s stock valued at $2,347,000 after purchasing an additional 257 shares in the last quarter. Finally, Latitude Advisors LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter valued at $98,000.
SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 0.2%
Shares of SPDR S&P Oil & Gas Exploration & Production ETF stock traded down $0.33 during trading on Friday, hitting $173.77. The stock had a trading volume of 3,671,782 shares, compared to its average volume of 3,972,296. The firm has a market cap of $3.93 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 business’s 50-day moving average is $191.36 and its 200 day moving average is $171.51.
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:
- 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
SPDR S&P Oil & Gas Exploration & Production ETF 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.
Further Reading
- 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?
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 Exploration & Production ETF (NYSEARCA:XOP – Free Report).
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.
