SPDR S&P Oil & Gas Exploration & Production ETF $XOP Stock: Kestra Advisory Services LLC Lowers Stake

Kestra Advisory Services LLC lessened its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 32.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,643 shares of the company’s stock after selling 16,554 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.15% of SPDR S&P Oil & Gas Exploration & Production ETF worth $6,213,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Principia Wealth Advisory LLC grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 4.6% in the second quarter. Principia Wealth Advisory LLC now owns 2,385 shares of the company’s stock worth $368,000 after purchasing an additional 105 shares during the last quarter. Stapp Wealth Management Pllc raised its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 0.5% during the 3rd quarter. Stapp Wealth Management Pllc now owns 23,543 shares of the company’s stock valued at $4,222,000 after buying an additional 118 shares during the last quarter. Baird Financial Group Inc. raised its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 1,564 shares of the company’s stock valued at $241,000 after buying an additional 124 shares during the last quarter. Continuum Advisory LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter valued at $28,000. Finally, Compass Financial Management LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter valued at $34,000.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.6%

Shares of XOP opened at $180.14 on Thursday. The stock has a market capitalization of $4.06 billion, a P/E ratio of 11.28 and a beta of 0.59. SPDR S&P Oil & Gas Exploration & Production ETF has a twelve month low of $123.16 and a twelve month high of $206.05. The firm has a fifty day simple moving average of $190.61 and a two-hundred day simple moving average of $172.13.

Key Headlines Impacting SPDR S&P Oil & Gas Exploration & Production ETF

These are some of the XOP headlines that stood out recently:

• Positive Sentiment: Oil’s recovery was supported by attacks affecting Hormuz shipping and persistent U.S.-Iran tensions, which raised concern about supply disruptions. Tight U.S. distillate inventories also helped offset worries about strong production and uncertain export demand. Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes Oil Rebounds as Tight Inventories and Middle East Risks Support Prices
• Positive Sentiment: China’s crude imports rose in October to their highest level since March, a potential sign of stronger demand for oil. China’s October crude oil imports rise to highest level since March amid Middle East war
• Negative Sentiment: Saudi Arabia increased October output to its highest level since February, adding to supply concerns and potentially limiting oil-price gains. Earlier technical analysis also warned that bearish signals could extend crude’s decline. Saudi Arabia leads further jump in OPEC+ oil output despite war WTI Price Forecast: Bearish Signals Put $78 Support in Focus

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.