Bessemer Group Inc. decreased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 505,649 shares of the company’s stock after selling 5,691 shares during the quarter. Bessemer Group Inc. owned about 3.43% of SPDR S&P Oil & Gas Exploration & Production ETF worth $66,847,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 280.0% in the second quarter. JPMorgan Chase & Co. now owns 2,975,222 shares of the company’s stock valued at $374,283,000 after purchasing an additional 2,192,315 shares during the period. SG Americas Securities LLC grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 792.5% during the third quarter. SG Americas Securities LLC now owns 253,594 shares of the company’s stock worth $33,525,000 after buying an additional 225,181 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 730.7% during the second quarter. Quadrature Capital Ltd now owns 93,001 shares of the company’s stock worth $11,700,000 after buying an additional 81,806 shares during the last quarter. Marex Group plc acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at about $8,415,000. Finally, Group One Trading LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter valued at approximately $6,944,000.
SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 1.6%
SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $141.46 on Friday. The stock has a 50 day moving average of $131.44 and a two-hundred day moving average of $129.92. SPDR S&P Oil & Gas Exploration & Production ETF has a twelve month low of $99.01 and a twelve month high of $144.15. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 11.28 and a beta of 0.95.
SPDR S&P Oil & Gas Exploration & Production ETF News Roundup
- Positive Sentiment: U.S. crude inventories fell, which supports oil fundamentals and can help E&P cash flows over time. U.S. Crude Oil Stockpiles Fall Amid Lower Production
- Positive Sentiment: Technical signals: crude reclaimed its 200‑day moving average and formed a higher low, indicating upside potential if momentum holds — a tailwind for XOP if sustained. Crude Oil Price Forecast: Recovery Above 200-Day Signals Upside Potential
- Neutral Sentiment: Longer-term supply developments: Kuwait Oil Co is in talks with U.S. operators to develop shale resources — a structural story that could affect supply over years, but unlikely to swing near‑term oil prices. Kuwait Oil Co in talks with US operators to develop shale oil, gas resources
- Neutral Sentiment: Asset-level moves: BP is reportedly seeking partners for aging Iraqi fields — could modestly alter production economics for majors over time but not an immediate driver for XOP. BP seeks partner for one of the oldest Iraqi oil fields, Bloomberg News reports
- Negative Sentiment: Diplomatic détente hit risk premium: reports that the U.S. and Iran will hold talks, and broader easing of geopolitical tensions, pushed oil lower — the main near‑term reason XOP weakened today. Oil extends decline ahead of US-Iran talks
- Negative Sentiment: Sector earnings pressure: ConocoPhillips missed quarterly profit estimates on weaker oil prices, a sign lower crude is already hitting upstream margins — negative for XOP constituents. ConocoPhillips misses quarterly profit estimates
- Negative Sentiment: Commodity slide after easing global tensions (China‑U.S. outreach) pressured oil and other commodities broadly, prompting profit‑taking in names near their highs. Precious metals, oil slide as global tensions ease; copper down
- Positive Sentiment: Refinery labor risk: a union asked workers at BP’s large Whiting refinery to prepare for a strike or lockout — a potential near‑term support for refined‑product and crude prices if it escalates. Union asks workers at BP’s Whiting, Indiana, oil refinery to prepare for strike or lockout
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.
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