SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Posted by Casey Walker on Dec 26th, 2024

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $137.29 and traded as low as $126.02. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $128.33, with a volume of 1,422,643 shares changing hands.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 0.3 %

The company has a market cap of $3.26 billion, a PE ratio of 4.95 and a beta of 0.68. The business’s 50 day moving average price is $137.19 and its 200-day moving average price is $138.64.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Game Plan Financial Advisors LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter valued at $29,000. Anchor Investment Management LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth $33,000. Rothschild Investment LLC bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter worth about $37,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 500.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 250 shares in the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Company Profile

(Get Free Report)

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.