Meridian Investment Counsel Inc. Buys New Holdings in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Meridian Investment Counsel Inc. bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 5,355 shares of the company’s stock, valued at approximately $960,000.

Several other large investors have also recently made changes to their positions in the business. Continuum Advisory LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth approximately $28,000. Compass Financial Management LLC bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter worth approximately $34,000. Essential Partners LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at $44,000. Capital Analysts LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $41,000. Finally, Advisors Preferred LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at $63,000.

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

XOP stock opened at $197.84 on Thursday. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $122.11 and a 52 week high of $200.89. The firm’s fifty day moving average is $186.85 and its 200 day moving average is $174.26. The firm has a market cap of $4.35 billion, a P/E ratio of 11.28 and a beta of 0.64.

Key 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: Escalating attacks involving Saudi Arabia and Iran-backed Houthi forces are raising concerns about disruptions to Saudi energy infrastructure and broader Middle East supply routes. That risk has helped support WTI and Brent prices, potentially improving revenue and cash-flow expectations for XOP’s producers. Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia
• Positive Sentiment: OPEC raised its 2027 oil-demand outlook, citing the need to rebuild inventories. A stronger demand outlook is favorable for exploration and production companies if it translates into higher benchmark prices. OPEC raises 2027 oil demand view
• Positive Sentiment: The EU’s one-year delay to methane rules on oil and gas imports could reduce near-term compliance pressure for energy producers and suppliers. EU delays methane rules on oil and gas imports
• Neutral Sentiment: Hurricane-related Gulf of Mexico disruptions remain a key variable, with refinery demand, exports and a possible Strategic Petroleum Reserve exchange influencing short-term crude-market balances. Oil Markets Watch Refinery Throughput, Exports and SPR Exchange After Hurricane
• Negative Sentiment: Prospects for increased Russian diesel flows and higher OPEC output could ease fuel and crude supply concerns, limiting the upside from Middle East tensions. Analysts also cited a possible technical correction after recent oil gains. Oil prices climb as traders weigh Saudi supply risk and Russian diesel flow

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.