SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Reaches New 12-Month High – Time to Buy?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) shares reached a new 52-week high during trading on Monday . The company traded as high as $153.89 and last traded at $151.2580, with a volume of 286442 shares changing hands. The stock had previously closed at $151.86.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 2.1%

The firm has a market cap of $2.41 billion, a P/E ratio of 11.28 and a beta of 0.95. The firm’s fifty day moving average is $134.33 and its two-hundred day moving average is $131.52.

Hedge Funds Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

Several large investors have recently made changes to their positions in XOP. Abound Wealth Management bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter worth $25,000. Financial Gravity Companies Inc. bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter valued at $28,000. Godfrey Financial Associates Inc. bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter valued at $30,000. Winthrop Capital Management LLC raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 84.4% in the 2nd quarter. Winthrop Capital Management LLC now owns 236 shares of the company’s stock worth $30,000 after purchasing an additional 108 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% in the 3rd quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $38,000 after purchasing an additional 227 shares in the last quarter.

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.