SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Shares Pass Below 50 Day Moving Average – Should You Sell?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $134.39 and traded as low as $130.88. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $131.36, with a volume of 5,114,633 shares changing hands.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 1.4 %

The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 11.69 and a beta of 1.69. The stock’s fifty day moving average is $134.39 and its 200-day moving average is $135.11.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of XOP. JPMorgan Chase & Co. boosted 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 valued at $94,598,000 after buying an additional 105,387 shares during the period. Toronto Dominion Bank boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 24.0% in the third quarter. Toronto Dominion Bank now owns 366,925 shares of the company’s stock valued at $48,258,000 after buying an additional 71,116 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at approximately $8,732,000. Marshall Wace LLP boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 489.6% in the fourth quarter. Marshall Wace LLP now owns 39,500 shares of the company’s stock valued at $5,229,000 after buying an additional 32,800 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter valued at approximately $3,456,000.

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.