SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 491,415 shares of the company’s stock after selling 14,234 shares during the period. Bessemer Group Inc. owned approximately 3.03% of SPDR S&P Oil & Gas Exploration & Production ETF worth $62,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOP. Jones Financial Companies Lllp increased its position in SPDR S&P Oil & Gas Exploration & Production ETF by 6.6% during the 1st quarter. Jones Financial Companies Lllp now owns 7,389 shares of the company’s stock worth $973,000 after purchasing an additional 457 shares during the period. Cresset Asset Management LLC boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 21.0% during the 2nd quarter. Cresset Asset Management LLC now owns 2,037 shares of the company’s stock worth $256,000 after acquiring an additional 354 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 24.2% during the 2nd quarter. Cerity Partners LLC now owns 11,355 shares of the company’s stock worth $1,428,000 after acquiring an additional 2,210 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1,641.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 7,367 shares of the company’s stock worth $927,000 after acquiring an additional 6,944 shares in the last quarter. Finally, Caption Management LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth approximately $1,642,000.

Key Stories 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: Oil prices are being supported by ongoing fears over ship attacks, seizures, and limited flows through the Strait of Hormuz, which can lift earnings expectations for exploration and production companies. Oil rises as fears of ship attacks and seizures persist
• Positive Sentiment: Crude surged after Trump warned Iran over Hormuz, reinforcing the view that a prolonged supply disruption could keep prices elevated and benefit oil producers. Oil News: Crude Oil Futures Surge as Trump Warns Iran Over Hormuz
• Positive Sentiment: Analysts said oil could reach $150 per barrel in an extreme escalation scenario, which would be a major tailwind for XOP if supply fears intensify further. Capital Economics sees oil at $150 per barrel through 2027 an extreme case
• Positive Sentiment: Global oil inventories are being drawn down rapidly during the Iran war, raising the risk of a tighter market and supporting upstream energy shares. The World Is Burning Through Its Oil Safety Net
• Neutral Sentiment: U.S. and Chinese actions may have softened the immediate oil shock by boosting U.S. exports and reducing Chinese imports, which could moderate the pace of further upside in crude. How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
• Neutral Sentiment: The UAE is accelerating a pipeline project to bypass Hormuz, which could eventually reduce disruption risk, but the project would not be online until 2027. UAE to accelerate oil pipeline project to help bypass Hormuz
• Neutral Sentiment: U.S. oil refiners are seeing better biofuels margins thanks to mandates and higher fuel prices, but this is more directly beneficial to refining than to XOP’s upstream-heavy portfolio. US oil refiners finally profit from biofuels due to mandates, high fuel prices

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

Shares of NYSEARCA:XOP opened at $174.13 on Friday. The business’s 50 day simple moving average is $171.41 and its 200-day simple moving average is $147.61. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 11.28 and a beta of 0.56. SPDR S&P Oil & Gas Exploration & Production ETF has a 12 month low of $118.14 and a 12 month high of $190.36.

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.