Waldron Private Wealth LLC Sells 46,581 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Waldron Private Wealth LLC lessened its position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 93.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,247 shares of the company’s stock after selling 46,581 shares during the quarter. Waldron Private Wealth LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Principia Wealth Advisory LLC boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 4.6% in the second quarter. Principia Wealth Advisory LLC now owns 2,385 shares of the company’s stock worth $368,000 after buying an additional 105 shares in the last quarter. Stapp Wealth Management Pllc lifted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.5% in the 3rd quarter. Stapp Wealth Management Pllc now owns 23,543 shares of the company’s stock worth $4,222,000 after acquiring an additional 118 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 8.6% in the 2nd quarter. Baird Financial Group Inc. now owns 1,564 shares of the company’s stock valued at $241,000 after purchasing an additional 124 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter valued at $28,000. Finally, Compass Financial Management LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter worth about $34,000.

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

Shares of XOP stock opened at $173.77 on Friday. The stock has a market capitalization of $3.93 billion, a PE ratio of 11.28 and a beta of 0.59. SPDR S&P Oil & Gas Exploration & Production ETF has a 1-year low of $123.16 and a 1-year high of $206.05. The business has a 50-day moving average of $191.36 and a 200 day moving average of $171.51.

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

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.