SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Sets New 52-Week High – Still a Buy?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) reached a new 52-week high on Thursday . The stock traded as high as $191.24 and last traded at $190.51, with a volume of 497252 shares. The stock had previously closed at $186.33.

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

The stock has a fifty day simple moving average of $165.96 and a two-hundred day simple moving average of $165.30. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 11.28 and a beta of 0.53.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Godfrey Financial Associates Inc. bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at about $30,000. Essential Partners LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at about $44,000. IFP Advisors Inc raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% during the 3rd quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $38,000 after buying an additional 227 shares during the period. Advisors Preferred LLC bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter worth approximately $63,000. Finally, Advisory Services Network LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter valued at $46,000.

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.