Mirae Asset Global Investments Co. Ltd. Decreases Position in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Mirae Asset Global Investments Co. Ltd. lowered its stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 38.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,000 shares of the company’s stock after selling 3,750 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $793,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOP. MAI Capital Management grew its position in SPDR S&P Oil & Gas Exploration & Production ETF by 7.5% in the second quarter. MAI Capital Management now owns 1,339 shares of the company’s stock valued at $168,000 after acquiring an additional 93 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1.7% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 5,699 shares of the company’s stock worth $753,000 after purchasing an additional 97 shares in the last quarter. Winthrop Capital Management LLC boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 84.4% in the second quarter. Winthrop Capital Management LLC now owns 236 shares of the company’s stock valued at $30,000 after purchasing an additional 108 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 2.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,822 shares of the company’s stock valued at $645,000 after purchasing an additional 121 shares during the period. Finally, Convergence Financial LLC grew its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 2.2% during the 2nd quarter. Convergence Financial LLC now owns 9,542 shares of the company’s stock valued at $1,200,000 after purchasing an additional 207 shares in the last quarter.

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

SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $143.81 on Thursday. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $99.01 and a 12-month high of $144.15. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 11.28 and a beta of 0.95. The firm’s fifty day moving average price is $131.25 and its 200 day moving average price is $129.83.

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: U.S. commercial crude stocks fell, tightening near-term supply and supporting prices — a positive for oil producers and XOP. U.S. Crude Oil Stockpiles Fall Amid Lower Production
• Positive Sentiment: Industry reports of API draws and renewed supply-risk concerns have supported futures and helped lift short-term oil sentiment—beneficial for E&P margins if sustained. Oil News: Bullish Oil Outlook Builds as Supply Risks and API Drawdown Support Futures
• Positive Sentiment: Technical/directional support: traders note dip buyers near WTI ~$63 and the potential to push higher toward resistance—short-term price support that helps XOP. Natural Gas and Oil Forecast: Dip Buyers Step In – Can WTI Hold $63 and Push Higher?
• Neutral Sentiment: Reliance bought a very large crude carrier (2 million barrels) of Venezuelan oil at a steep discount — increases physical crude flows but the discount signals supply/quality pressure; mixed for U.S. E&Ps and XOP. India’s Reliance Industries buys 2 mln barrels of Venezuelan oil, traders say
• Neutral Sentiment: Indian Oil reported a big quarterly profit jump driven by lower crude costs—this highlights how cheaper oil helps refiners even as it pressures upstream earnings. Indian Oil posts quarterly profit rise on lower crude prices
• Negative Sentiment: Oil prices slid after U.S.-Iran talks and other diplomatic steps eased the immediate risk premium, reducing near-term upside for producers and pressuring XOP. Oil slides in volatile trading as upcoming U.S.-Iran talks revive de-escalation hopes
• Negative Sentiment: U.S. oil futures fell ahead of the U.S.–Iran talks as traders pared risk premia—near-term downside for E&P revenue expectations. US oil prices fall ahead of US-Iran talks
• Negative Sentiment: U.S. Gulf Coast refiners are struggling to absorb a sudden surge in Venezuelan crude shipments, creating local oversupply and downward price pressure that can hurt upstream realizations. US refiners struggle to absorb sudden surge in Venezuelan oil imports

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.