SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Sets New 52-Week High – Still a Buy?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $191.24 and last traded at $190.51, with a volume of 497252 shares changing hands. The stock had previously closed at $186.33.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 1.6%

The business has a 50-day moving average of $165.96 and a 200 day moving average of $165.30. The firm has a market capitalization of $4.00 billion, a PE ratio of 11.28 and a beta of 0.53.

Institutional Investors Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOP. Godfrey Financial Associates Inc. purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth approximately $30,000. IFP Advisors Inc increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% during 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 during the last quarter. Essential Partners LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter valued at approximately $44,000. Advisory Services Network LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth $46,000. Finally, Advisors Preferred LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter valued at $63,000.

About SPDR S&P Oil & Gas Exploration & Production ETF

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.