14,888 Shares in iShares U.S. Oil & Gas Exploration & Production ETF $IEO Bought by Bearing Point Capital LLC

Bearing Point Capital LLC acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 14,888 shares of the company’s stock, valued at approximately $1,329,000.

Several other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth $4,430,000. JPMorgan Chase & Co. lifted its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 10,757 shares of the company’s stock worth $996,000 after purchasing an additional 206 shares during the last quarter. RiverFront Investment Group LLC lifted its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 42.7% during the fourth quarter. RiverFront Investment Group LLC now owns 7,696 shares of the company’s stock worth $687,000 after purchasing an additional 2,304 shares during the last quarter. Finally, Steph & Co. bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the fourth quarter worth $53,000.

iShares U.S. Oil & Gas Exploration & Production ETF Price Performance

Shares of IEO opened at $114.09 on Friday. The business’s fifty day moving average price is $118.82 and its 200 day moving average price is $105.31. iShares U.S. Oil & Gas Exploration & Production ETF has a 12-month low of $84.22 and a 12-month high of $130.50. The stock has a market capitalization of $621.79 million, a PE ratio of 14.30 and a beta of 0.85.

iShares U.S. Oil & Gas Exploration & Production ETF News Summary

Here are the key news stories impacting iShares U.S. Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Some analysts say oil inventories are still being drawn down quickly and could tighten further, which may support crude prices and energy shares if supply disruptions persist. Analysts hike oil forecasts again as energy flows face slow recovery
• Positive Sentiment: Exxon warned that oil inventories could reach dangerously low levels in the coming weeks, a signal that could eventually lift crude prices and improve sentiment toward exploration-and-production stocks. Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
• Neutral Sentiment: U.S. crude production was largely steady in March, suggesting supply growth has not surged enough to offset recent inventory concerns. US crude production largely steady on the month in March, EIA says
• Neutral Sentiment: At the same time, U.S. shale producers are carrying record-low drilled-but-uncompleted well inventories, limiting how quickly they can boost output if prices rebound. Record-low US shale well backlog curbs fast output gains amid export surge
• Negative Sentiment: Oil prices are falling sharply on optimism that the U.S. and Iran are close to a ceasefire and a deal that could reduce geopolitical supply risk, which is the main drag on IEO today. Oil prices fall after Trump says he will make final determination on Iran deal
• Negative Sentiment: Brent crude is on track for a steep monthly drop, and multiple reports say gasoline prices are sinking as traders price in lower energy costs, which typically weighs on exploration and production names. Oil Declines Lift Stocks to Fresh Records

About iShares U.S. Oil & Gas Exploration & Production ETF

iShares U.S. Oil & Gas Exploration & Production ETF, formerly iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Exploration & Production Index (the Index). The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products.