SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Reaches New 1-Year Low – Should You Sell?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $99.01 and last traded at $113.74, with a volume of 9344183 shares traded. The stock had previously closed at $101.91.

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

The firm’s fifty day simple moving average is $128.40 and its 200-day simple moving average is $134.13. The stock has a market cap of $2.00 billion, a P/E ratio of 12.11 and a beta of 1.34.

Institutional Investors Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

A number of institutional investors and hedge funds have recently modified their holdings of XOP. JPMorgan Chase & Co. grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 17.2% in the third quarter. JPMorgan Chase & Co. now owns 719,268 shares of the company’s stock worth $94,598,000 after purchasing an additional 105,387 shares during the last quarter. Toronto Dominion Bank raised its position in SPDR S&P Oil & Gas Exploration & Production ETF by 24.0% in the 3rd quarter. Toronto Dominion Bank now owns 366,925 shares of the company’s stock worth $48,258,000 after buying an additional 71,116 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter valued at about $8,732,000. Marshall Wace LLP grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 489.6% during the 4th quarter. Marshall Wace LLP now owns 39,500 shares of the company’s stock valued at $5,229,000 after acquiring an additional 32,800 shares during the period. Finally, Valley Wealth Managers Inc. grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 69.1% during the 4th quarter. Valley Wealth Managers Inc. now owns 56,851 shares of the company’s stock valued at $7,525,000 after acquiring an additional 23,231 shares during the period.

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.