5,355 Shares in SPDR S&P Oil & Gas Exploration & Production ETF $XOP Acquired by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,355 shares of the company’s stock, valued at approximately $960,000.

A number of other institutional investors have also recently made changes to their positions in XOP. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 4,563.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 893,627 shares of the company’s stock worth $137,851,000 after acquiring an additional 874,463 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at $121,139,000. Proficio Capital Partners LLC increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 1,118.1% in the second quarter. Proficio Capital Partners LLC now owns 567,264 shares of the company’s stock valued at $87,506,000 after acquiring an additional 520,694 shares during the last quarter. Rokos Capital Management LLP bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter valued at $55,271,000. Finally, Bessemer Group Inc. increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 28.0% in the first quarter. Bessemer Group Inc. now owns 629,152 shares of the company’s stock valued at $114,399,000 after acquiring an additional 137,737 shares during the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 1.0%

NYSEARCA XOP opened at $197.84 on Thursday. The stock’s 50-day simple moving average is $186.85 and its two-hundred day simple moving average is $174.26. SPDR S&P Oil & Gas Exploration & Production ETF has a twelve month low of $122.11 and a twelve month high of $200.89. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 11.28 and a beta of 0.64.

Key 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: Escalating attacks involving Saudi Arabia and Iran-backed Houthi forces are raising concerns about disruptions to Saudi energy infrastructure and broader Middle East supply routes. That risk has helped support WTI and Brent prices, potentially improving revenue and cash-flow expectations for XOP’s producers. Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia
• Positive Sentiment: OPEC raised its 2027 oil-demand outlook, citing the need to rebuild inventories. A stronger demand outlook is favorable for exploration and production companies if it translates into higher benchmark prices. OPEC raises 2027 oil demand view
• Positive Sentiment: The EU’s one-year delay to methane rules on oil and gas imports could reduce near-term compliance pressure for energy producers and suppliers. EU delays methane rules on oil and gas imports
• Neutral Sentiment: Hurricane-related Gulf of Mexico disruptions remain a key variable, with refinery demand, exports and a possible Strategic Petroleum Reserve exchange influencing short-term crude-market balances. Oil Markets Watch Refinery Throughput, Exports and SPR Exchange After Hurricane
• Negative Sentiment: Prospects for increased Russian diesel flows and higher OPEC output could ease fuel and crude supply concerns, limiting the upside from Middle East tensions. Analysts also cited a possible technical correction after recent oil gains. Oil prices climb as traders weigh Saudi supply risk and Russian diesel flow

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.