Graham Capital Management L.P. raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 35.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 31,150 shares of the company’s stock after buying an additional 8,200 shares during the period. Graham Capital Management L.P.’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $3,933,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Abound Wealth Management purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at $25,000. Godfrey Financial Associates Inc. purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at $30,000. IFP Advisors Inc grew its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% in the 3rd quarter. IFP Advisors Inc now owns 290 shares of the company’s stock valued at $38,000 after buying an additional 227 shares in the last quarter. Winthrop Capital Management LLC grew its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 40.7% in the 3rd quarter. Winthrop Capital Management LLC now owns 332 shares of the company’s stock valued at $44,000 after buying an additional 96 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at $46,000.
SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 0.8%
Shares of NYSEARCA:XOP opened at $157.17 on Wednesday. The business has a fifty day moving average of $168.87 and a two-hundred day moving average of $153.67. The stock has a market cap of $3.06 billion, a P/E ratio of 11.28 and a beta of 0.52. SPDR S&P Oil & Gas Exploration & Production ETF has a 52-week low of $121.46 and a 52-week high of $190.36.
Key Headlines Impacting SPDR S&P Oil & Gas Exploration & Production ETF
- Positive Sentiment: U.S. crude inventories fell for a ninth straight week, a sign that supply remains tight and could help support oil prices. US crude stocks fall for ninth straight week, sources say
- Positive Sentiment: A potential tropical cyclone off the Texas coast could threaten drilling, refining, and transport activity in a key U.S. energy corridor, which may temporarily support oil prices. Potential Tropical Cyclone One forms off Texas coast, threatening dangerous flash flooding
- Neutral Sentiment: Oil markets are seeing mixed signals, with some technical rebound attempts after sharp declines, but the broader tone remains cautious as traders weigh geopolitical supply recovery. Natural Gas and Oil Forecast: Truce Stability Fuels Technical Recovery — What’s Next for Oil & NatGas?
- Neutral Sentiment: Some analysts say oil may stabilize if shipping disruptions in the Strait of Hormuz take longer to fully resolve, limiting how far prices fall in the near term. Spot oil premiums slip to pre-war levels after US-Iran deal, but shipping angst provides floor
- Neutral Sentiment: Oil price forecasts were cut by major banks as Gulf supply is expected to recover faster, reinforcing the recent slide in crude. Major Wall Street Banks Cut Oil-Price Forecasts on Faster Gulf Supply Recovery
- Negative Sentiment: Oil prices fell sharply as the market focused on the U.S.-Iran agreement, which could reopen the Strait of Hormuz and bring more crude to market. Iran, US agree to halt war and reopen Hormuz, sending oil prices tumbling
- Negative Sentiment: U.S. energy shares fell in premarket trading after the Iran deal reduced the risk of a Hormuz supply disruption, weighing on XOP’s sector. Energy shares fall as Iran deal lowers Hormuz disruption risk
- Negative Sentiment: Traders also bought an unusually high number of put options on XOP, suggesting some investors are positioning for further downside.
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.
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