SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 56.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,676 shares of the company’s stock after selling 21,228 shares during the quarter. SG Americas Securities LLC owned 0.08% of SPDR S&P Oil & Gas Exploration & Production ETF worth $3,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Abound Wealth Management acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at approximately $25,000. Godfrey Financial Associates Inc. purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at approximately $30,000. IFP Advisors Inc boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% in the 3rd quarter. IFP Advisors Inc now owns 290 shares of the company’s stock valued at $38,000 after buying an additional 227 shares during the period. Winthrop Capital Management LLC grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 40.7% in the third quarter. Winthrop Capital Management LLC now owns 332 shares of the company’s stock worth $44,000 after acquiring an additional 96 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth $46,000.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 0.7%

Shares of NYSEARCA XOP opened at $154.26 on Wednesday. The stock has a market cap of $3.01 billion, a P/E ratio of 11.28 and a beta of 0.52. The business’s fifty day simple moving average is $165.94 and its 200-day simple moving average is $155.06. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $121.46 and a 12-month high of $190.36.

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

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

• Positive Sentiment: Crude oil found support near key technical levels, suggesting sellers may be running into a short-term base after recent weakness. Crude Oil Price Analysis – Crude Oil Continues to See Support on Tuesday
• Positive Sentiment: Renewed concern about supply disruptions in the Middle East briefly lifted oil prices, which can support upstream energy names held by XOP. Oil Rises Amid Renewed Supply-Disruption Concerns
• Neutral Sentiment: WTI and Brent were described as stabilizing near support as strong U.S. production and refinery demand helped offset some selling pressure. Natural Gas and Oil Forecast: Oil Markets Stabilize on Strong US Production and Refinery Demand — NatGas Channel Holds?
• Neutral Sentiment: Oil stocks in the U.S. Strategic Petroleum Reserve fell to the lowest level since 1983, highlighting tight government inventories but not yet reversing the broader price weakness. Oil stocks in US Strategic Petroleum Reserve fall by 5.5 million to lowest level since 1983
• Negative Sentiment: Oil prices fell as investors focused on potential U.S.-Iran talks in Doha, reducing the geopolitical risk premium that had been supporting crude. Oil falls as investors focus on potential Iran-US talks in Doha
• Negative Sentiment: Analysts are trimming longer-term oil price forecasts, reinforcing concerns that weaker demand may keep crude prices under pressure. Why Wall Street Thinks Cheap Oil Is Here to Stay
• Negative Sentiment: Additional commentary suggested more oil supply could be coming, which would add to the bearish tone for crude and upstream energy equities. White House Economist: ‘More Oil Than You’ve Ever Seen’ Is Coming, and Prices Are About to Drop

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.