Cadence Wealth Management LLC grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 455.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,729 shares of the company’s stock after purchasing an additional 116,203 shares during the period. SPDR S&P Oil & Gas Exploration & Production ETF accounts for about 9.8% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Cadence Wealth Management LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $18,737,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of XOP. JPMorgan Chase & Co. raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 280.0% in the second quarter. JPMorgan Chase & Co. now owns 2,975,222 shares of the company’s stock valued at $374,283,000 after buying an additional 2,192,315 shares during the last quarter. SG Americas Securities LLC grew its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 792.5% in the 3rd quarter. SG Americas Securities LLC now owns 253,594 shares of the company’s stock worth $33,525,000 after acquiring an additional 225,181 shares during the period. Quadrature Capital Ltd raised its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 730.7% in the 2nd quarter. Quadrature Capital Ltd now owns 93,001 shares of the company’s stock valued at $11,700,000 after acquiring an additional 81,806 shares during the last quarter. Marex Group plc acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $8,415,000. Finally, Group One Trading LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth $6,944,000.
SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.3%
Shares of NYSEARCA:XOP opened at $147.89 on Friday. The company has a market cap of $2.40 billion, a P/E ratio of 11.28 and a beta of 0.95. The business has a fifty day simple moving average of $132.81 and a 200-day simple moving average of $130.68. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $99.01 and a 52 week high of $149.33.
More SPDR S&P Oil & Gas Exploration & Production ETF News
- Positive Sentiment: Heightened U.S.–Iran tensions — President Trump said a second aircraft carrier is heading to the Middle East, boosting risk premia for crude and supporting E&P stocks (near-term bullish for XOP). Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Trump Puts More Pressure On Iran
- Positive Sentiment: Russian refinery disruption — Lukoil’s Volgograd refinery suspended processing after a drone attack, tightening regional supply and providing upward pressure on crude and E&P equity valuations. Russia’s Volgograd oil refinery halts processing after drone attack, sources say
- Neutral Sentiment: U.S. issues broad licences for Venezuela — Treasury general licences let major energy firms resume operations and negotiate new energy investments in Venezuela; this unlocks potential production upside for some firms but also adds longer-term supply, so net impact on XOP is mixed. US allows oil majors to resume Venezuela operations, broadly okays new energy investments
- Neutral Sentiment: White House/Treasury moves on Venezuela — Additional reporting notes licences specifically enabling Chevron and other firms to invest in Venezuela’s oil & gas sector; implications vary by company exposure and timing. Trump Greenlights More Oil-and-Gas Investments in Venezuela
- Neutral Sentiment: India’s Reliance wins licence to buy Venezuelan oil — expands buyers of Venezuelan crude; increases trade flows but also injects more crude into markets (mixed for U.S. E&P-focused XOP). Exclusive: India’s Reliance wins US licence for Venezuelan oil
- Negative Sentiment: IEA and analysts warn of oversupply — IEA flagged a large surplus (reported as a record ~3.7M bpd) and cut demand growth forecasts for 2026, and U.S. inventory builds have been large; these factors put downward pressure on oil prices and on E&P margins longer term. Natural Gas and Oil Forecast: Record 3.7M bpd Surplus Sparks Selloff—WTI Below $63, $60 Next?
- Negative Sentiment: Price weakness and inventory pressures this week — multiple market notes show WTI slipping on weak demand signals, soaring inventories and an overall tough week for crude; that backdrop can cap upside for XOP if it persists. Oil News: WTI Futures Sink as Supply Worries Challenge Crude Oil Outlook
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.
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