SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Reaches New 52-Week High – What’s Next?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $153.89 and last traded at $151.2580, with a volume of 286442 shares trading hands. The stock had previously closed at $151.86.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 2.1%

The company has a market capitalization of $2.41 billion, a PE ratio of 11.28 and a beta of 0.95. The firm has a fifty day moving average of $134.33 and a two-hundred day moving average of $131.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have 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 $25,000. Financial Gravity Companies Inc. bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter valued at about $28,000. Winthrop Capital Management LLC raised its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 84.4% during the second quarter. Winthrop Capital Management LLC now owns 236 shares of the company’s stock valued at $30,000 after acquiring an additional 108 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth about $30,000. Finally, IFP Advisors Inc grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% in the third quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $38,000 after purchasing an additional 227 shares during the last quarter.

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.