41,284 SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Sold by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co lowered its stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 73.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,657 shares of the company’s stock after selling 41,284 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co owned about 0.06% of SPDR S&P Oil & Gas Exploration & Production ETF worth $2,628,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOP. Continuum Advisory LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter worth approximately $28,000. Compass Financial Management LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter valued at approximately $34,000. Capital Analysts LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth $41,000. Essential Partners LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter worth $44,000. Finally, Advisors Preferred LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter worth $63,000.

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

Shares of XOP stock traded down $0.33 on Friday, hitting $173.77. The stock had a trading volume of 3,671,782 shares, compared to its average volume of 3,972,296. The stock’s 50 day moving average is $191.36 and its 200-day moving average is $171.51. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 11.28 and a beta of 0.59. SPDR S&P Oil & Gas Exploration & Production ETF has a 52-week low of $123.16 and a 52-week high of $206.05.

More 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: Falling distillate inventories, resilient U.S. job growth and Middle East supply constraints are supporting a cautiously bullish longer-term view of oil, which could benefit exploration and production companies. Crude Oil Forecast: Why Falling Inventories Keep Supply Risks in Focus
• Positive Sentiment: Middle East supply risks helped put a floor under oil prices after a volatile selloff, while traders also bought the dip. Firmer crude can support the revenues and outlook of XOP’s holdings. Oil set for sharp weekly drop but Middle East supply concerns provide floor
• Neutral Sentiment: Oil remains volatile and range-bound: supply concerns and a rebound from technical support have been offset by resistance levels and signals of further downside risk. WTI Price Forecast: Crude Oil Rebounds From Critical Support
• Negative Sentiment: Analysts and traders see signs of excess oil supply as high prices curb demand. A sharper-than-expected demand slowdown or glut could pressure crude prices and weigh on XOP’s energy producers. As high oil prices curb demand, fresh signs of glut appear
• Negative Sentiment: Oil was on track for a steep weekly decline, with prices also pressured by hopes of reduced Iran-war escalation and recovering Gulf supply. These developments may lessen the risk premium in crude. Oil falls for a fourth day on expectations for lower risk of Iran war escalation

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.