HighTower Advisors LLC Grows Position in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

HighTower Advisors LLC grew its stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 50.6% during the 4th quarter, HoldingsChannel reports. The firm owned 26,820 shares of the company’s stock after buying an additional 9,009 shares during the quarter. HighTower Advisors LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $3,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,054,720 shares of the company’s stock worth $403,834,000 after purchasing an additional 79,498 shares in the last quarter. Vanderbilt University lifted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.7% during the 4th quarter. Vanderbilt University now owns 362,028 shares of the company’s stock valued at $45,710,000 after buying an additional 2,600 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 139.7% during the 3rd quarter. Quadrature Capital Ltd now owns 222,891 shares of the company’s stock valued at $29,462,000 after buying an additional 129,890 shares in the last quarter. Cadence Wealth Management LLC lifted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 455.2% during the 3rd quarter. Cadence Wealth Management LLC now owns 141,729 shares of the company’s stock valued at $18,737,000 after buying an additional 116,203 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter valued at approximately $11,167,000.

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

Shares of NYSEARCA:XOP opened at $163.99 on Friday. SPDR S&P Oil & Gas Exploration & Production ETF has a 1 year low of $118.77 and a 1 year high of $190.36. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 11.28 and a beta of 0.56. The business’s 50 day moving average price is $172.28 and its 200-day moving average price is $150.65.

SPDR S&P Oil & Gas Exploration & Production ETF News Roundup

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

• Negative Sentiment: Oil prices fell as traders increasingly bet that a U.S.-Iran deal could reopen the Strait of Hormuz and reduce supply-disruption fears, a clear headwind for oil producers and energy ETFs like XOP. Oil prices fall after Trump says he will make final determination on Iran deal
• Negative Sentiment: Brent crude is down sharply for the month, with multiple reports noting the largest monthly decline since 2020, reflecting weaker oil pricing that can pressure XOP holdings. Oil Declines Lift Stocks to Fresh Records
• Negative Sentiment: Crude is also on track for a second straight weekly loss as markets focus on ceasefire hopes and easing disruption risks, extending the bearish tone for energy producers. Oil falls slightly on reports of potential US-Iran ceasefire deal
• Negative Sentiment: Saudi Arabia may lower July official crude prices to Asia as demand weakens, another sign that near-term oil fundamentals are softening. Saudi Arabia may lower July oil prices to Asia as demand weakens
• Neutral Sentiment: Some reports warned that inventory drawdowns and a record-low shale well backlog could limit how quickly U.S. producers boost supply, which may eventually support oil prices if disruptions persist. Record-low U.S. shale well backlog curbs fast output gains amid export surge
• Neutral Sentiment: Exxon also warned that inventories could become very tight in coming weeks, suggesting the recent oil selloff may not fully reflect lingering supply risk. Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher

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.