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

Shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) reached a new 52-week high during trading on Monday. The company traded as high as $203.60 and last traded at $202.2390, with a volume of 2,531,286 shares. The stock had previously closed at $201.69.

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

The company has a market cap of $4.40 billion, a PE ratio of 11.28 and a beta of 0.64. The stock’s 50 day moving average price is $190.18 and its 200-day moving average price is $175.16.

Institutional Trading of SPDR S&P Oil & Gas Exploration & Production ETF

A number of hedge funds have recently bought and sold shares of XOP. Signaturefd LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth $128,000. Client First Capital LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth approximately $3,672,000. Kings Path Partners LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at $185,000. Canoe Financial LP purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter valued at about $681,000. Finally, Bank Pictet & Cie Europe AG acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter valued at about $15,579,000.

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.