SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 70.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 12,247 shares of the company’s stock after acquiring an additional 5,058 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $2,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOP. GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 3.1% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 3,093 shares of the company’s stock valued at $391,000 after purchasing an additional 93 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 12,668 shares of the company’s stock valued at $1,675,000 after purchasing an additional 103 shares during the period. Transamerica Financial Advisors LLC increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 2.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 4,965 shares of the company’s stock worth $627,000 after purchasing an additional 109 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 2.6% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 5,845 shares of the company’s stock worth $738,000 after purchasing an additional 146 shares in the last quarter. Finally, Laurel Oak Wealth Management LLC raised its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 3.8% during the 1st quarter. Laurel Oak Wealth Management LLC now owns 4,989 shares of the company’s stock worth $907,000 after buying an additional 184 shares during the period.

Key Headlines Impacting SPDR S&P Oil & Gas Exploration & Production ETF

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

• Positive Sentiment: Oil prices jumped after the U.S. launched fresh strikes against Iran, reviving fears of supply disruption through the Strait of Hormuz and boosting energy producers. Oil rises more than dollar per barrel as US launches fresh strikes against Iran
• Positive Sentiment: U.S. diesel futures posted their biggest daily gains in four years after Russia banned diesel exports, adding to concerns about refined-fuel supply and supporting the broader oil complex. US diesel futures post biggest daily gains in four years after Russia bans exports
• Positive Sentiment: Market commentary pointed to renewed inflation fears and stronger crude prices after Trump said an interim Iran agreement was over, which tends to lift oil-and-gas exploration names like XOP. Investors get inflation ‘wake-up call’ as Trump fires up oil prices
• Positive Sentiment: Reuters also reported earlier strikes on Iran, reinforcing a supply-disruption trade that has been lifting crude and related energy equities. US oil prices jump after US military launches strikes against Iran
• Neutral Sentiment: One offsetting headline: U.S. crude inventories unexpectedly rose by 3 million barrels, which can cap gains if traders focus on near-term supply builds rather than geopolitical risk. U.S. Crude Oil Stockpiles Post Unexpected Build

SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 2.9%

XOP stock opened at $161.99 on Thursday. SPDR S&P Oil & Gas Exploration & Production ETF has a one year low of $121.46 and a one year high of $190.36. The firm has a market capitalization of $3.30 billion, a PE ratio of 11.28 and a beta of 0.53. The firm has a 50-day moving average of $164.63 and a two-hundred day moving average of $156.21.

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.