SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Hits New 52-Week High – Should You Buy?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $180.92 and last traded at $180.69, with a volume of 911282 shares changing hands. The stock had previously closed at $174.87.

Key Stories Impacting SPDR S&P Oil & Gas Exploration & Production ETF

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

• Positive Sentiment: Heightened supply risk from disruptions to Russian exports bolsters crude price support and benefits E&P exposure such as XOP. Exclusive: At least 40% of Russia’s oil export capacity halted
• Positive Sentiment: Persistent Strait of Hormuz risks and U.S. operational tracking keep a geopolitical risk premium under oil — supportive for XOP holdings. US tracking closely how to get oil tankers through Strait of Hormuz, White House says
• Positive Sentiment: Trans Mountain pipeline running near full capacity signals tight physical flows amid global disruptions — another bullish signal for U.S. E&P economics. CERAWEEK Canada’s Trans Mountain running nearly full on global oil disruptions, CEO says
• Positive Sentiment: XOP’s strong recent run (weekly win streak) highlights investor flows into the “Iran war trade” and momentum buying in E&P names. This ETF Is Winning The Iran War Trade – And It’s Now In Its 11th Week Of Gains
• Positive Sentiment: Regional upstream activity is rising (Dallas Fed survey), supporting medium-term production and services demand for US-focused E&P names in XOP. Dallas Fed survey finds first-quarter oil and gas activity rose
• Neutral Sentiment: Exxon’s team in Venezuela signals potential longer-term resource/access opportunities, but outcomes and timing are uncertain for U.S. E&P benefactors. CERAWEEK Exxon says its team is in Venezuela evaluating oil opportunities
• Neutral Sentiment: Venezuela reports modest production gains to ~1.1m bpd — increases global supply modestly but not enough yet to remove broader supply anxieties. Venezuela oil production has reached 1.1 mln bpd in March
• Negative Sentiment: Hopes for U.S.–Iran talks and ceasefire reports pushed oil prices lower this session, pressuring short-term upside for XOP. Stocks bounce and oil retreats on Mideast ceasefire reports
• Negative Sentiment: U.S. crude inventories rose for a fifth consecutive week, easing immediate tightness and capping near-term oil gains. U.S. Crude Oil Stockpiles Rise for Fifth Straight Week
• Negative Sentiment: Valero preparing to restart the large Port Arthur refinery will add refined product supply and can dampen nearby crude differentials and margins. Valero prepares restart of Port Arthur, Texas oil refinery after blast, sources say

SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 0.8%

The stock’s 50 day moving average is $151.50 and its 200-day moving average is $137.40. The company has a market cap of $2.94 billion, a P/E ratio of 11.28 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cadence Wealth Management LLC grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 455.2% in the third quarter. Cadence Wealth Management LLC now owns 141,729 shares of the company’s stock worth $18,737,000 after acquiring an additional 116,203 shares during the period. Canoe Financial LP bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at approximately $593,000. Quantbot Technologies LP lifted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 64.1% during the third quarter. Quantbot Technologies LP now owns 8,682 shares of the company’s stock valued at $1,148,000 after purchasing an additional 3,392 shares during the period. Valeo Financial Advisors LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter worth approximately $1,540,000. Finally, JPMorgan Chase & Co. boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 3,054,720 shares of the company’s stock worth $403,834,000 after purchasing an additional 79,498 shares during the last quarter.

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.