Vicus Capital acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,610 shares of the company’s stock, valued at approximately $4,293,000. Vicus Capital owned about 0.12% of SPDR S&P Oil & Gas Exploration & Production ETF at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abound Wealth Management purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth $25,000. Godfrey Financial Associates Inc. purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at $30,000. IFP Advisors Inc lifted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% in the third quarter. IFP Advisors Inc now owns 290 shares of the company’s stock valued at $38,000 after acquiring an additional 227 shares in the last quarter. Winthrop Capital Management LLC lifted its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 40.7% in 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 in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at $46,000.
SPDR S&P Oil & Gas Exploration & Production ETF Stock Performance
SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $154.68 on Monday. The stock has a market cap of $3.02 billion, a PE ratio of 11.28 and a beta of 0.52. The stock has a 50-day moving average price of $166.29 and a 200 day moving average price of $154.78. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $121.46 and a 52 week high of $190.36.
Key Stories Impacting SPDR S&P Oil & Gas Exploration & Production ETF
- Positive Sentiment: U.S. natural gas futures are extending gains as hotter weather is expected across much of the U.S. over the next two weeks, which could support producers with exposure to gas prices. U.S. Natural Gas Futures Extend Gains on Coming Hot Weather
- Neutral Sentiment: Some analysts say oil may be approaching technical support after a sharp pullback, which could help stabilize energy shares if selling pressure starts to ease. Crude Oil Price Forecast: Can Oil Rebound from Oversold Conditions?
- Negative Sentiment: U.S. crude dipped below $70 a barrel as traders focused on improving tanker flow through the Strait of Hormuz, reducing the war-related risk premium that had supported energy prices. US crude oil falls below $70 a barrel despite Iranian attack on cargo ship
- Negative Sentiment: Reuters reported oil prices are falling as more tankers exit the Strait of Hormuz, signaling easing supply concerns and adding to weekly losses for crude. Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
- Negative Sentiment: Oil futures are being weighed by signs of further easing in Middle East tensions and a move back toward pre-war pricing, which can hurt exploration-and-production names in XOP. Oil Futures Fall On Likely Technical Correction
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.
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