41,284 SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Sold by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co lessened its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 73.8% in the third quarter, Holdings Channel.com reports. The firm owned 14,657 shares of the company’s stock after selling 41,284 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $2,628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at approximately $28,000. Compass Financial Management LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth approximately $34,000. Capital Analysts LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth approximately $41,000. Essential Partners LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter worth approximately $44,000. Finally, Advisors Preferred LLC bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter worth $63,000.

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: Falling distillate inventories, resilient U.S. job growth and Middle East supply constraints are supporting a cautiously bullish longer-term view of oil, which could benefit exploration and production companies. Crude Oil Forecast: Why Falling Inventories Keep Supply Risks in Focus
• Positive Sentiment: Middle East supply risks helped put a floor under oil prices after a volatile selloff, while traders also bought the dip. Firmer crude can support the revenues and outlook of XOP’s holdings. Oil set for sharp weekly drop but Middle East supply concerns provide floor
• Neutral Sentiment: Oil remains volatile and range-bound: supply concerns and a rebound from technical support have been offset by resistance levels and signals of further downside risk. WTI Price Forecast: Crude Oil Rebounds From Critical Support
• Negative Sentiment: Analysts and traders see signs of excess oil supply as high prices curb demand. A sharper-than-expected demand slowdown or glut could pressure crude prices and weigh on XOP’s energy producers. As high oil prices curb demand, fresh signs of glut appear
• Negative Sentiment: Oil was on track for a steep weekly decline, with prices also pressured by hopes of reduced Iran-war escalation and recovering Gulf supply. These developments may lessen the risk premium in crude. Oil falls for a fourth day on expectations for lower risk of Iran war escalation

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

Shares of NYSEARCA:XOP traded down $0.33 during midday trading on Friday, reaching $173.77. The company had a trading volume of 3,671,782 shares, compared to its average volume of 3,972,296. The stock has a market capitalization of $3.93 billion, a P/E ratio of 11.28 and a beta of 0.59. The stock’s fifty day moving average price is $191.36 and its 200-day moving average price is $171.51. SPDR S&P Oil & Gas Exploration & Production ETF has a one year low of $123.16 and a one year high of $206.05.

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.