4,419 Shares in SPDR S&P Oil & Gas Exploration & Production ETF $XOP Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,419 shares of the company’s stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rokos Capital Management LLP acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at $55,271,000. Wells Fargo & Company MN grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% during the 4th quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock worth $48,399,000 after purchasing an additional 271,214 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter worth $28,088,000. Bessemer Group Inc. increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 28.0% in the first quarter. Bessemer Group Inc. now owns 629,152 shares of the company’s stock worth $114,399,000 after purchasing an additional 137,737 shares during the period. Finally, Cadence Wealth Management LLC increased its position in shares of 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 worth $29,788,000 after purchasing an additional 94,195 shares during the period.

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: Earlier war-related oil gains are expected to produce the strongest quarterly profits for U.S. shale producers since 2022, potentially supporting shareholder returns through dividends and buybacks. War-fueled oil rally set to lift shale profits to highest since 2022
• Positive Sentiment: Persistent Middle East supply risks and uncertainty around U.S.-Iran negotiations continue to provide an upside risk to crude prices, which could support XOP’s producers if disruptions worsen. Oil ticks up after selloff as talks to end US-Iran war remain uncertain
• Positive Sentiment: Goldman Sachs identified scenarios involving a major escalation that could drive oil as high as $120 per barrel, offering substantial upside for exploration and production companies. Goldman Sachs sees oil as high as $120 a barrel

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 1.3%

XOP stock opened at $171.95 on Wednesday. The company has a market cap of $3.63 billion, a PE ratio of 11.28 and a beta of 0.53. The business has a 50-day simple moving average of $163.79 and a 200 day simple moving average of $161.95. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $121.46 and a 52 week high of $190.36.

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.