SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC lowered its holdings in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 93.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,247 shares of the company’s stock after selling 46,581 shares during the quarter. Waldron Private Wealth LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOP. Pekin Hardy Strauss Inc. acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter worth about $2,529,000. Commonwealth Equity Services LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter valued at about $4,301,000. MH & Associates Securities Management Corp ADV acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter valued at about $1,785,000. Integrity Alliance LLC. bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth approximately $545,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth approximately $565,000.

More 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: Falling distillate inventories, resilient U.S. job growth and Middle East supply constraints are supporting a cautiously bullish longer-term view of oil, which could benefit exploration and production companies. Crude Oil Forecast: Why Falling Inventories Keep Supply Risks in Focus
• Positive Sentiment: Middle East supply risks helped put a floor under oil prices after a volatile selloff, while traders also bought the dip. Firmer crude can support the revenues and outlook of XOP’s holdings. Oil set for sharp weekly drop but Middle East supply concerns provide floor
• Neutral Sentiment: Oil remains volatile and range-bound: supply concerns and a rebound from technical support have been offset by resistance levels and signals of further downside risk. WTI Price Forecast: Crude Oil Rebounds From Critical Support
• Negative Sentiment: Analysts and traders see signs of excess oil supply as high prices curb demand. A sharper-than-expected demand slowdown or glut could pressure crude prices and weigh on XOP’s energy producers. As high oil prices curb demand, fresh signs of glut appear
• Negative Sentiment: Oil was on track for a steep weekly decline, with prices also pressured by hopes of reduced Iran-war escalation and recovering Gulf supply. These developments may lessen the risk premium in crude. Oil falls for a fourth day on expectations for lower risk of Iran war escalation

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 0.2%

Shares of SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $173.77 on Friday. The company has a market cap of $3.93 billion, a PE ratio of 11.28 and a beta of 0.59. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $123.16 and a 52 week high of $206.05. The business has a 50 day moving average price of $191.36 and a 200-day moving average price of $171.51.

SPDR S&P Oil & Gas Exploration & Production ETF 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.