SPDR S&P Oil & Gas Exploration & Production ETF Sees Unusually Large Options Volume (NYSEARCA:XOP)

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 142,159 put options on the company. This represents an increase of 398% compared to the typical volume of 28,530 put options.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 0.8%

Shares of NYSEARCA:XOP opened at $168.34 on Thursday. The stock has a market capitalization of $3.28 billion, a PE ratio of 11.28 and a beta of 0.56. SPDR S&P Oil & Gas Exploration & Production ETF has a 1 year low of $118.14 and a 1 year high of $190.36. The firm has a fifty day moving average price of $170.93 and a 200 day moving average price of $147.14.

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: Multiple reports point to tight global oil supply because of the Iran war, including IEA and EIA updates showing inventories drawing down faster than expected and global supply falling short of demand. That backdrop supports higher crude prices, which is generally bullish for exploration and production stocks in XOP.
• Positive Sentiment: U.S. upstream oil and gas dealmaking hit a two-year high in Q1, suggesting stronger industry confidence and potentially better asset values for producers. US upstream oil and gas dealmaking hit two-year high in Q1 2026
• Neutral Sentiment: U.S. crude inventories fell more than expected for a third straight week, reinforcing the idea that supply is tight and helping keep energy prices supported. U.S. Crude Oil Inventories Post Third Straight Weekly Drop
• Neutral Sentiment: Several market updates say oil is retreating or entering a technical pullback after recent gains, with investors watching the Trump–Xi summit and ceasefire headlines for direction. That mixed tone can cap near-term upside for XOP. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Trump Arrives In China
• Negative Sentiment: OPEC lowered its 2026 oil demand-growth forecast, which could weigh on longer-term crude-price expectations if the slowdown persists. OPEC lowers 2026 global oil demand growth forecast
• Negative Sentiment: Unusual options activity showed heavy put buying in XOP, signaling that some traders are hedging for downside or expecting near-term weakness in the ETF.

Institutional Investors Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

A number of hedge funds have recently bought and sold shares of the company. GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 3.1% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 3,093 shares of the company’s stock valued at $391,000 after acquiring an additional 93 shares during the period. Winthrop Capital Management LLC boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 40.7% during the third quarter. Winthrop Capital Management LLC now owns 332 shares of the company’s stock valued at $44,000 after acquiring an additional 96 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 0.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 12,668 shares of the company’s stock valued at $1,675,000 after acquiring an additional 103 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 2.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 4,965 shares of the company’s stock valued at $627,000 after acquiring an additional 109 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 2.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,822 shares of the company’s stock valued at $645,000 after acquiring an additional 121 shares during the period.

About SPDR S&P Oil & Gas Exploration & Production ETF

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.