Vanderbilt University Decreases Stake in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Vanderbilt University trimmed its holdings in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 14.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,925 shares of the company’s stock after selling 54,103 shares during the period. SPDR S&P Oil & Gas Exploration & Production ETF comprises about 10.6% of Vanderbilt University’s investment portfolio, making the stock its 4th biggest position. Vanderbilt University owned about 1.62% of SPDR S&P Oil & Gas Exploration & Production ETF worth $55,990,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Abound Wealth Management bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter valued at approximately $25,000. Godfrey Financial Associates Inc. purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth approximately $30,000. IFP Advisors Inc boosted its stake 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 worth $38,000 after purchasing an additional 227 shares during the period. Winthrop Capital Management LLC grew its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 40.7% during 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 during the 3rd quarter valued at approximately $46,000.

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

SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $153.03 on Thursday. SPDR S&P Oil & Gas Exploration & Production ETF has a 1 year low of $121.46 and a 1 year high of $190.36. The firm’s 50 day moving average price is $166.66 and its 200-day moving average price is $154.51. The stock has a market cap of $2.98 billion, a P/E ratio of 11.28 and a beta of 0.52.

Key Headlines Impacting SPDR S&P Oil & Gas Exploration & Production ETF

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

• Positive Sentiment: U.S. crude inventories fell for a ninth straight week, and Cushing stockpiles dropped to their lowest level in 12 years, which supports the oil price outlook. U.S. Crude Oil Inventories Fall, Product Stocks Rise
• Positive Sentiment: Russian refinery outages from drone attacks could tighten regional fuel supplies and offer some support to energy prices. Moscow oil refinery hit by drone attacks is unlikely to resume production this year, sources say
• Neutral Sentiment: Dallas Fed survey data showed U.S. oil executives expect only slight production growth, but uncertainty around regulation and geopolitics remains high. US oil executives see slight output growth, future outlook uncertain, survey says
• Neutral Sentiment: Some analysts said oil markets are signaling near-term oversupply as more tankers leave the Strait of Hormuz, reinforcing the recent decline in crude. Oil markets start to signal near-term oversupply as tankers exit Strait of Hormuz
• Negative Sentiment: Crude prices extended losses as shipping concerns eased in the Strait of Hormuz, reducing the risk premium that had supported oil-related shares. Oil prices extend decline on expectations of smoother crude flows via Hormuz
• Negative Sentiment: President Trump’s call for a DOJ probe into oil companies and pressure for lower gasoline prices adds headline risk for the sector. Trump instructs DOJ probe of oil companies over higher gasoline prices

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.