Proficio Capital Partners LLC Acquires 520,694 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Proficio Capital Partners LLC increased its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 1,118.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 567,264 shares of the company’s stock after purchasing an additional 520,694 shares during the period. SPDR S&P Oil & Gas Exploration & Production ETF comprises approximately 3.2% of Proficio Capital Partners LLC’s holdings, making the stock its 5th largest holding. Proficio Capital Partners LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $87,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of XOP. Healthcare of Ontario Pension Plan Trust Fund increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 1.7% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,099,500 shares of the company’s stock worth $391,343,000 after purchasing an additional 50,500 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 28.0% in the first quarter. Bessemer Group Inc. now owns 629,152 shares of the company’s stock valued at $114,399,000 after buying an additional 137,737 shares during the period. Wells Fargo & Company MN increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% during the fourth quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock worth $48,399,000 after acquiring an additional 271,214 shares in the last quarter. Rokos Capital Management LLP acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter worth $55,271,000. Finally, Cadence Wealth Management LLC lifted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 66.5% in the 4th quarter. Cadence Wealth Management LLC now owns 235,924 shares of the company’s stock valued at $29,788,000 after acquiring an additional 94,195 shares in the last quarter.

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

Shares of NYSEARCA XOP opened at $188.96 on Tuesday. The firm has a market cap of $3.99 billion, a PE ratio of 11.28 and a beta of 0.53. SPDR S&P Oil & Gas Exploration & Production ETF has a 1-year low of $122.11 and a 1-year high of $191.24. The company has a fifty day moving average price of $170.54 and a 200 day moving average price of $167.77.

Key SPDR S&P Oil & Gas Exploration & Production ETF News

Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Renewed U.S.-Iran strikes and severely disrupted tanker traffic through the Strait of Hormuz are raising concerns about near-term supply interruptions. WTI and Brent crude moved sharply higher, with analysts highlighting the possibility of additional gains if tensions escalate. Oil prices jump 3% to over $90 after US, Iran fire strikes for first time in a month
• Positive Sentiment: Falling U.S. Strategic Petroleum Reserve inventories, now at their lowest level since 1982, reduce the cushion available to offset a supply shock and may help sustain a geopolitical risk premium in crude prices. Oil stocks in US Strategic Petroleum Reserve fall by 3.1 million barrels to lowest level since 1982
• Neutral Sentiment: A proposed U.S.-Venezuela agreement could eventually expand oil production from 17 fields and provide supply outside major maritime chokepoints. However, its complex structure and development requirements mean any production increase is likely to take time. How are Caracas and Washington structuring a massive oil output deal?
• Negative Sentiment: U.S. natural-gas futures opened lower, creating a weaker backdrop for XOP’s gas-producing holdings, although the ETF’s oil exposure is more directly benefiting from the crude-price surge. U.S. Natural Gas Futures Start Week Lower

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.