Waverly Advisors LLC increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 263.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,304 shares of the company’s stock after acquiring an additional 8,191 shares during the quarter. Waverly Advisors LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $1,744,000 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 the company. Jones Financial Companies Lllp lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 6.6% during the 1st quarter. Jones Financial Companies Lllp now owns 7,389 shares of the company’s stock worth $973,000 after purchasing an additional 457 shares during the period. Cresset Asset Management LLC grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 21.0% in the second quarter. Cresset Asset Management LLC now owns 2,037 shares of the company’s stock valued at $256,000 after purchasing an additional 354 shares during the period. Cerity Partners LLC increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 24.2% in the second quarter. Cerity Partners LLC now owns 11,355 shares of the company’s stock valued at $1,428,000 after purchasing an additional 2,210 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 1,641.6% in the second quarter. Qube Research & Technologies Ltd now owns 7,367 shares of the company’s stock valued at $927,000 after purchasing an additional 6,944 shares during the last quarter. Finally, Caption Management LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth about $1,642,000.
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: Oil benchmarks remain elevated after ending the week above $100 per barrel amid attacks on shipping routes, falling Gulf flows and concerns about disruptions through the Strait of Hormuz and Bab al-Mandeb. Higher realized crude prices generally support the cash flows and earnings outlook for XOP’s exploration and production holdings. IEA says global oil supply gap may deepen
- Positive Sentiment: The International Energy Agency said the 2026 global oil supply gap could widen as the Iran conflict delays a return to normal Middle East exports. Chevron’s CEO also warned that depleted crude inventories and limited buffers could drive prices higher in coming months, reinforcing the bullish backdrop for U.S. producers. Chevron CEO discusses depleted crude buffers
- Positive Sentiment: U.S. crude inventories declined last week, while OPEC production fell in August because of export disruptions. Tighter near-term supply and strong Chinese efforts to secure alternative crude sources are supportive for oil prices and XOP’s commodity-sensitive holdings. OPEC output falls in August
- Neutral Sentiment: Oil retreated from its latest surge as Gulf countries reportedly prepared to discuss the Strait of Hormuz with Iran. The pullback has limited some of the sector’s momentum, although crude remains elevated and supply-disruption risks persist. Oil retreats as Gulf countries prepare talks with Iran
- Negative Sentiment: OPEC cut its 2026 oil-demand growth forecast for the fifth consecutive time, raising concerns that high prices or weaker economic activity could eventually reduce fuel consumption. Natural gas also weakened on expectations of softer late-September demand, creating an additional headwind for some energy holdings. OPEC lowers 2026 oil demand forecast
SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 0.1%
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.
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