Calamos Advisors LLC Invests $1.20 Million in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Calamos Advisors LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,600 shares of the company’s stock, valued at approximately $1,200,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 6.6% in the first quarter. Jones Financial Companies Lllp now owns 7,389 shares of the company’s stock worth $973,000 after purchasing an additional 457 shares in the last quarter. Cresset Asset Management LLC increased its position in SPDR S&P Oil & Gas Exploration & Production ETF by 21.0% in the 2nd quarter. Cresset Asset Management LLC now owns 2,037 shares of the company’s stock valued at $256,000 after buying an additional 354 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 24.2% during the second quarter. Cerity Partners LLC now owns 11,355 shares of the company’s stock valued at $1,428,000 after acquiring an additional 2,210 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1,641.6% during the second quarter. Qube Research & Technologies Ltd now owns 7,367 shares of the company’s stock worth $927,000 after purchasing an additional 6,944 shares during the period. Finally, Caption Management LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter worth $1,642,000.

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

Shares of XOP stock opened at $166.44 on Friday. The firm has a market capitalization of $3.35 billion, a PE ratio of 11.28 and a beta of 0.53. SPDR S&P Oil & Gas Exploration & Production ETF has a 12 month low of $121.46 and a 12 month high of $190.36. The firm has a fifty day simple moving average of $163.37 and a two-hundred day simple moving average of $157.80.

Key Stories 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 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 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.