Bessemer Group Inc. increased its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 28.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 629,152 shares of the company’s stock after buying an additional 137,737 shares during the quarter. Bessemer Group Inc.’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $114,399,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the business. GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 3.1% in the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 3,093 shares of the company’s stock valued at $391,000 after purchasing an additional 93 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 12,668 shares of the company’s stock worth $1,675,000 after buying an additional 103 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 2.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 4,965 shares of the company’s stock valued at $627,000 after acquiring an additional 109 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 2.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 5,845 shares of the company’s stock valued at $738,000 after acquiring an additional 146 shares during the last quarter. Finally, Laurel Oak Wealth Management LLC grew its position in SPDR S&P Oil & Gas Exploration & Production ETF by 3.8% during the first quarter. Laurel Oak Wealth Management LLC now owns 4,989 shares of the company’s stock valued at $907,000 after acquiring an additional 184 shares during the period.
SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.2%
SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $170.18 on Friday. The firm has a fifty day moving average of $163.47 and a 200-day moving average of $157.89. SPDR S&P Oil & Gas Exploration & Production ETF has a 52-week low of $121.46 and a 52-week high of $190.36. The firm has a market capitalization of $3.39 billion, a P/E ratio of 11.28 and a beta of 0.53.
Trending Headlines about SPDR S&P Oil & Gas Exploration & Production ETF
- Positive Sentiment: Oil prices have been supported by intensifying U.S.-Iran hostilities, including threats to the Strait of Hormuz and the Red Sea export route, raising concerns about tighter global crude supply. Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
- Positive Sentiment: Reuters also reported a chartered oil tanker was attacked by drones near the Caspian Pipeline Consortium terminal off Russia’s Black Sea coast, adding another supply-risk headline that can lift crude and energy equities. Chartered oil tanker attacked by drones near Black Sea terminal, CPC says
- Positive Sentiment: Oil has also been bolstered by a sharp inventory draw and technical momentum, with traders watching whether crude can break above nearby resistance levels. Natural Gas and Oil Forecast: Inventory Surprise Meets OPEC+ Hike What’s Next for Oil?
- Neutral Sentiment: Market commentary highlighted both bullish and bearish scenarios for energy stocks, with oil’s direction hinging on whether geopolitical risk or a possible easing in tensions dominates next. The best energy stocks right now as two major conflicts keep oil prices elevated
- Negative Sentiment: Some analysts warned that oil could become a broader market headwind if prices stay elevated, which could eventually pressure risk assets and energy demand expectations. Here’s where the smart money believes oil prices could wreak havoc on the stock market
SPDR S&P Oil & Gas Exploration & Production ETF Company 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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