SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 28.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 629,152 shares of the company’s stock after purchasing an additional 137,737 shares during the period. Bessemer Group Inc. owned 3.23% of SPDR S&P Oil & Gas Exploration & Production ETF worth $114,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Abound Wealth Management purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter worth approximately $25,000. Godfrey Financial Associates Inc. acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at $30,000. IFP Advisors Inc increased its holdings in shares of 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 acquiring an additional 227 shares during the period. Advisory Services Network LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter valued at $46,000. Finally, Advisors Preferred LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at $63,000.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.2%

Shares of XOP stock opened at $170.18 on Friday. The stock’s 50-day moving average price is $163.47 and its 200 day moving average price is $157.89. The stock has a market capitalization of $3.39 billion, a PE ratio of 11.28 and a beta of 0.53. SPDR S&P Oil & Gas Exploration & Production ETF has a 52-week low of $121.46 and a 52-week high of $190.36.

Key Headlines 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 have been supported by intensifying U.S.-Iran hostilities, including threats to the Strait of Hormuz and the Red Sea export route, raising concerns about tighter global crude supply. Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
• Positive Sentiment: Reuters also reported a chartered oil tanker was attacked by drones near the Caspian Pipeline Consortium terminal off Russia’s Black Sea coast, adding another supply-risk headline that can lift crude and energy equities. Chartered oil tanker attacked by drones near Black Sea terminal, CPC says
• Positive Sentiment: Oil has also been bolstered by a sharp inventory draw and technical momentum, with traders watching whether crude can break above nearby resistance levels. Natural Gas and Oil Forecast: Inventory Surprise Meets OPEC+ Hike What’s Next for Oil?
• Neutral Sentiment: Market commentary highlighted both bullish and bearish scenarios for energy stocks, with oil’s direction hinging on whether geopolitical risk or a possible easing in tensions dominates next. The best energy stocks right now as two major conflicts keep oil prices elevated
• Negative Sentiment: Some analysts warned that oil could become a broader market headwind if prices stay elevated, which could eventually pressure risk assets and energy demand expectations. Here’s where the smart money believes oil prices could wreak havoc on the stock market

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.