SPDR S&P Oil & Gas Explore & Prod. (NYSE:XOP) was the target of some unusual options trading on Wednesday. Traders purchased 3,746 call options on the company. This represents an increase of 127% compared to the average daily volume of 1,650 call options.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XOP. Bessemer Group Inc. lifted its holdings in SPDR S&P Oil & Gas Explore & Prod. by 209,530.5% in the third quarter. Bessemer Group Inc. now owns 2,232,565 shares of the exchange traded fund’s stock valued at $76,108,000 after acquiring an additional 2,231,500 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in SPDR S&P Oil & Gas Explore & Prod. by 102.6% in the third quarter. Pictet Asset Management Ltd. now owns 2,235,000 shares of the exchange traded fund’s stock valued at $76,191,000 after acquiring an additional 1,132,000 shares during the last quarter. SG Americas Securities LLC lifted its holdings in SPDR S&P Oil & Gas Explore & Prod. by 1,013.7% in the second quarter. SG Americas Securities LLC now owns 1,100,208 shares of the exchange traded fund’s stock valued at $35,119,000 after acquiring an additional 1,001,420 shares during the last quarter. Seatown Holdings Pte. Ltd. acquired a new position in SPDR S&P Oil & Gas Explore & Prod. in the third quarter valued at approximately $23,863,000. Finally, Denver Investment Advisors LLC acquired a new position in SPDR S&P Oil & Gas Explore & Prod. in the second quarter valued at approximately $12,162,000.

Shares of SPDR S&P Oil & Gas Explore & Prod. (NYSE:XOP) opened at $35.35 on Friday.

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SPDR S&P Oil & Gas Explore & Prod. 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.

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