BW Gestao de Investimentos Ltda. Invests $2.27 Million in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

BW Gestao de Investimentos Ltda. bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 4th quarter, HoldingsChannel reports. The fund bought 17,955 shares of the company’s stock, valued at approximately $2,267,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOP. Jones Financial Companies Lllp increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 6.6% during the first quarter. Jones Financial Companies Lllp now owns 7,389 shares of the company’s stock worth $973,000 after acquiring an additional 457 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 21.0% during the second quarter. Cresset Asset Management LLC now owns 2,037 shares of the company’s stock worth $256,000 after acquiring an additional 354 shares in the last quarter. Cerity Partners LLC increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 24.2% during the second quarter. Cerity Partners LLC now owns 11,355 shares of the company’s stock worth $1,428,000 after acquiring an additional 2,210 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1,641.6% during the second quarter. Qube Research & Technologies Ltd now owns 7,367 shares of the company’s stock worth $927,000 after acquiring an additional 6,944 shares in the last quarter. Finally, Caption Management LLC bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth about $1,642,000.

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: Oil prices have moved higher as conflict risks around Iran and the Strait of Hormuz intensify, including reports that Iran has mined “large segments” of the waterway, raising the chance of supply disruptions for global crude markets. Iran has mined ‘large segments’ of Hormuz Strait, Secretary of State Rubio says
• Positive Sentiment: Multiple market updates say crude is firming after hopes for a quick Iran deal faded, with analysts and trading firms warning the market may be underpricing war-related supply risks. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Hopes Of Quick Iran Deal Fade Oil market could be underpricing risks, Vitol’s Bahrain chief says
• Positive Sentiment: Other reports suggest oil could stay elevated for longer if the Iran supply crisis persists, with one ADNOC executive calling August a potential tipping point for much higher prices. ADNOC trading chief flags August as tipping point for oil prices
• Neutral Sentiment: Some headlines point to mixed near-term trading, including oil easing at times on ceasefire hopes, but the broader backdrop remains volatile and headline-driven. Oil Pares Gains After Trump Efforts to Broker Israel-Hezbollah Ceasefire Oil steadies as uncertainty over US-Iran talks keeps markets on edge
• Negative Sentiment: Natural gas weakness is a small offset for energy producers, with U.S. gas futures falling on lower LNG export flows, though the impact on XOP is likely less important than the crude-driven rally. US natural gas futures fall as LNG export flows hit four-month low

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

NYSEARCA:XOP opened at $168.85 on Wednesday. The firm has a 50-day moving average of $172.13 and a 200-day moving average of $151.02. The company has a market cap of $3.29 billion, a PE ratio of 11.28 and a beta of 0.56. SPDR S&P Oil & Gas Exploration & Production ETF has a one year low of $119.67 and a one year high of $190.36.

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.