86,875 Shares in SPDR S&P Oil & Gas Exploration & Production ETF $XOP Bought by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 86,875 shares of the company’s stock, valued at approximately $15,579,000.

Several other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $28,000. Compass Financial Management LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $34,000. Capital Analysts LLC bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth $41,000. Essential Partners LLC bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter worth $44,000. Finally, Advisors Preferred LLC bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter worth $63,000.

SPDR S&P Oil & Gas Exploration & Production ETF News Summary

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

• Positive Sentiment: WTI crude rose for a ninth consecutive session and moved above $107, while Brent reached a five-month high. Higher oil prices generally improve revenue and cash-flow expectations for XOP’s U.S. exploration and production holdings. U.S. oil surges to top $107, Brent crude at five-month high amid Mideast tensions
• Positive Sentiment: Persistent Middle East tensions, attacks affecting regional energy infrastructure and concerns about Gulf supply disruptions are keeping a risk premium in crude markets. The resulting bullish oil outlook is the main positive catalyst for XOP. Oil Prices Up as Traders Weigh Middle East Supply Risks
• Positive Sentiment: U.S. crude inventories reportedly fell by 8.6 million barrels while refinery runs increased, reinforcing the near-term demand and supply-tightness case for oil producers. Crude Oil Price Analysis – Oil Prices Eye Higher Levels as US Crude Inventories Fall and Refinery Runs Rise
• Neutral Sentiment: XOP reached a new 12-month high, indicating strong momentum, but the move may also leave the ETF vulnerable to profit-taking after its extended advance. SPDR S&P Oil & Gas Exploration & Production ETF Sets New 12-Month High
• Negative Sentiment: The International Energy Agency said members could proceed with additional oil-stock releases and that timing is up to individual countries. More emergency supply could limit crude’s rally and reduce the immediate benefit to XOP producers. IEA ready to go if further oil stocks release needed
• Negative Sentiment: Unusually heavy put-option activity in XOP suggests some traders are hedging against a pullback or positioning for downside, potentially weighing on sentiment despite strong crude prices.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 0.0%

Shares of XOP traded down $0.05 during midday trading on Tuesday, reaching $199.42. 1,337,658 shares of the stock were exchanged, compared to its average volume of 4,007,302. SPDR S&P Oil & Gas Exploration & Production ETF has a twelve month low of $122.83 and a twelve month high of $202.28. The company has a market cap of $4.39 billion, a P/E ratio of 11.28 and a beta of 0.64. The stock’s 50 day simple moving average is $188.56 and its 200 day simple moving average is $174.53.

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.