Bleakley Financial Group LLC Takes $1.96 Million Position in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Bleakley Financial Group LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,761 shares of the company’s stock, valued at approximately $1,957,000. Bleakley Financial Group LLC owned approximately 0.06% of SPDR S&P Oil & Gas Exploration & Production ETF as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% in the fourth quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock valued at $48,399,000 after acquiring an additional 271,214 shares during the last quarter. Marshall Wace LLP bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter worth approximately $28,088,000. Cadence Wealth Management LLC increased its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 66.5% during the 4th quarter. Cadence Wealth Management LLC now owns 235,924 shares of the company’s stock worth $29,788,000 after purchasing an additional 94,195 shares during the last quarter. Jump Financial LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth $11,167,000. Finally, EP Wealth Advisors LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter valued at $9,999,000.

SPDR S&P Oil & Gas Exploration & Production ETF News Roundup

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

• Positive Sentiment: Oil prices rose as U.S.-Iran tensions escalated again, with strikes on Iranian targets and fears of supply disruptions through the Strait of Hormuz supporting exploration and production names like XOP. Oil prices rise 4th day as US strikes on Iran raise fears of wider conflict
• Positive Sentiment: U.S. crude stockpiles fell more than analysts expected, a sign of tighter near-term supply that can support oil prices and improve sentiment for XOP constituents. U.S. Crude Oil Stockpiles Post Weekly Withdrawal
• Positive Sentiment: Market commentary continues to frame oil as testing key resistance levels, with a breakout potentially opening the door to higher price targets, which would be constructive for E&P equities. Crude Oil Price Forecast: Can Bulls Push Above Key Resistance?
• Positive Sentiment: Additional reports noted that Middle East supply risks and conflict-driven uncertainty are keeping oil markets supported, another tailwind for XOP. The best energy stocks right now as two major conflicts keep oil prices elevated
• Neutral Sentiment: Some articles said traders are waiting for more data, including storage and EIA reports, while others mentioned oil retreating from recent gains as traders take profits. US natgas prices steady as market waits for storage report
• Neutral Sentiment: OPEC demand forecasts were cut again, which adds a potential headwind for longer-term oil demand even as near-term geopolitical risks remain elevated. Natural Gas and Oil Forecast: OPEC Cuts Demand Can WTI Finally Break Above $80?

SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 1.0%

SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $166.44 on Friday. SPDR S&P Oil & Gas Exploration & Production ETF has a 1-year low of $121.46 and a 1-year high of $190.36. The firm’s fifty day simple moving average is $163.37 and its 200-day simple moving average is $157.80. The company has a market capitalization of $3.35 billion, a P/E ratio of 11.28 and a beta of 0.53.

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.