Kestra Private Wealth Services LLC reduced its stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 81.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,640 shares of the company’s stock after selling 24,061 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Continuum Advisory LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter valued at approximately $28,000. Compass Financial Management LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter valued at $34,000. Essential Partners LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter valued at $44,000. Capital Analysts LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter valued at $41,000. Finally, Advisors Preferred LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter valued at $63,000.
SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 0.2%
Shares of NYSEARCA XOP traded down $0.33 during mid-day trading on Friday, reaching $173.77. 3,671,782 shares of the company were exchanged, compared to its average volume of 3,972,296. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $123.16 and a 52 week high of $206.05. The stock has a market capitalization of $3.93 billion, a PE ratio of 11.28 and a beta of 0.59. The company’s 50 day moving average price is $191.36 and its 200 day moving average price is $171.51.
More SPDR S&P Oil & Gas Exploration & Production ETF News
Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:
- Positive Sentiment: Falling distillate inventories, resilient U.S. job growth and Middle East supply constraints are supporting a cautiously bullish longer-term view of oil, which could benefit exploration and production companies. Crude Oil Forecast: Why Falling Inventories Keep Supply Risks in Focus
- Positive Sentiment: Middle East supply risks helped put a floor under oil prices after a volatile selloff, while traders also bought the dip. Firmer crude can support the revenues and outlook of XOP’s holdings. Oil set for sharp weekly drop but Middle East supply concerns provide floor
- Neutral Sentiment: Oil remains volatile and range-bound: supply concerns and a rebound from technical support have been offset by resistance levels and signals of further downside risk. WTI Price Forecast: Crude Oil Rebounds From Critical Support
- Negative Sentiment: Analysts and traders see signs of excess oil supply as high prices curb demand. A sharper-than-expected demand slowdown or glut could pressure crude prices and weigh on XOP’s energy producers. As high oil prices curb demand, fresh signs of glut appear
- Negative Sentiment: Oil was on track for a steep weekly decline, with prices also pressured by hopes of reduced Iran-war escalation and recovering Gulf supply. These developments may lessen the risk premium in crude. Oil falls for a fourth day on expectations for lower risk of Iran war escalation
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.
Further Reading
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- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
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