SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Newly Acquired by Walser Wealth Management Company A Ltd Liability Co

Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,913 shares of the company’s stock, valued at approximately $2,674,000. SPDR S&P Oil & Gas Exploration & Production ETF accounts for 1.0% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its 15th biggest holding. Walser Wealth Management Company A Ltd Liability Co owned 0.07% of SPDR S&P Oil & Gas Exploration & Production ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principia Wealth Advisory LLC increased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 4.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 2,385 shares of the company’s stock valued at $368,000 after buying an additional 105 shares during the period. Stapp Wealth Management Pllc raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.5% in the 3rd quarter. Stapp Wealth Management Pllc now owns 23,543 shares of the company’s stock valued at $4,222,000 after buying an additional 118 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 8.6% in the 2nd quarter. Baird Financial Group Inc. now owns 1,564 shares of the company’s stock valued at $241,000 after buying an additional 124 shares in the last quarter. Laurel Oak Wealth Management LLC raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 3.8% in the 1st quarter. Laurel Oak Wealth Management LLC now owns 4,989 shares of the company’s stock valued at $907,000 after buying an additional 184 shares in the last quarter. Finally, Continuum Advisory LLC bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth approximately $28,000.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 1.5%

Shares of SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $194.89 on Friday. The company has a 50 day moving average of $187.41 and a 200-day moving average of $174.31. SPDR S&P Oil & Gas Exploration & Production ETF has a 1-year low of $122.11 and a 1-year high of $200.89. The company has a market cap of $4.29 billion, a PE ratio of 11.28 and a beta of 0.64.

More 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: U.S. inventories tightened significantly. Commercial crude stockpiles fell by 8.6 million barrels last week as imports and production declined while refinery utilization increased. The draw supports higher crude prices and could benefit XOP’s oil-producing constituents. U.S. Crude Oil Stockpiles Post Large Weekly Drop
• Positive Sentiment: Oil’s technical and geopolitical momentum remains supportive. WTI has continued its rebound toward the $100 area, aided by a bullish chart breakout. Attacks and shipping disruptions around the Strait of Hormuz, along with Saudi-Houthi tensions, continue to create a risk premium by threatening regional supply and transportation. WTI Price Forecast: Crude Oil Targets $100 as Bullish Momentum Builds
• Neutral Sentiment: Natural gas strength provides only limited support. Colder weather expectations lifted U.S. natural-gas futures ahead of inventory data, but XOP’s performance is driven primarily by its oil and gas exploration-and-production holdings, with crude prices currently the more important factor. U.S. Natural Gas Futures Gain Ahead of Storage Report
• Negative Sentiment: Planned emergency stock releases are weighing on prices. The International Energy Agency said total oil-stock releases will exceed 400 million barrels and will be accelerated, including more than 20 million barrels of diesel. The prospect of substantial additional supply may cap crude prices and pressure XOP. IEA says total oil stock release will exceed 400 million barrels
• Negative Sentiment: Supply and shipping concerns have eased somewhat. Gulf crude exports have recovered, Saudi Aramco is offering additional spot cargoes to Europe, and the U.S. is considering sanctions relief for shadow-fleet tankers to reduce freight costs. These developments have encouraged profit-taking in oil and help explain XOP’s weaker trading despite supportive inventory and geopolitical news. Saudi Aramco offers extra spot crude cargoes to Europe

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.