Fifth Third Bancorp Has $719,000 Stock Position in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Fifth Third Bancorp raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 3,062.4% in the first quarter, HoldingsChannel.com reports. The firm owned 3,953 shares of the company’s stock after purchasing an additional 3,828 shares during the quarter. Fifth Third Bancorp’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $719,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in XOP. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,099,500 shares of the company’s stock valued at $391,343,000 after purchasing an additional 50,500 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% in the fourth quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock valued at $48,399,000 after buying an additional 271,214 shares during the period. Vanderbilt University lifted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 0.7% in the fourth quarter. Vanderbilt University now owns 362,028 shares of the company’s stock valued at $45,710,000 after buying an additional 2,600 shares during the period. Cadence Wealth Management LLC lifted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 66.5% in the fourth quarter. Cadence Wealth Management LLC now owns 235,924 shares of the company’s stock valued at $29,788,000 after buying an additional 94,195 shares during the period. Finally, Marshall Wace LLP bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter valued at $28,088,000.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 2.9%

Shares of XOP opened at $169.08 on Tuesday. The firm’s fifty day simple moving average is $163.73 and its two-hundred day simple moving average is $160.07. SPDR S&P Oil & Gas Exploration & Production ETF has a 12 month low of $121.46 and a 12 month high of $190.36. The stock has a market capitalization of $3.45 billion, a P/E ratio of 11.28 and a beta of 0.53.

Trending Headlines about SPDR S&P Oil & Gas Exploration & Production ETF

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

• Neutral Sentiment: Australia is considering building its first new oil refinery in more than 60 years to strengthen energy security amid Middle East supply concerns. The proposal could support long-term regional fuel demand, but it is a downstream project and has limited immediate impact on XOP’s upstream producers. Australia considers first domestic oil refinery in 60 years
• Neutral Sentiment: Investors are awaiting the Aug. 2 OPEC+ meeting, while Middle East tensions, Strait of Hormuz traffic and LNG demand remain important variables for crude prices. Continued supply uncertainty could limit the downside for oil and provide some support to XOP. Natural Gas and Oil Forecast: OPEC+ Meeting Looms; Can WTI Hold Above $83?
• Negative Sentiment: Crude prices fell more than 5%–6% after the U.S. and Iran paused strikes, raising hopes for diplomacy, restored shipping and reduced supply disruptions through the Strait of Hormuz. Brent crude moved below $90 a barrel, weighing directly on oil producers and pressuring XOP. Oil slips more than 5% after US pauses strikes on Iran
• Negative Sentiment: A Human Rights Watch report alleges that pollution associated with Perenco’s operations in the Democratic Republic of Congo is creating health risks for nearby communities. Although Perenco is not an ETF-wide development, the report adds regulatory, environmental and reputational pressure to the broader oil industry. Pollution linked to French-British oil firm’s Congo operations poses health risks

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.