SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 49.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,034 shares of the company’s stock after selling 4,956 shares during the quarter. HB Wealth Management LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 1.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,099,500 shares of the company’s stock valued at $391,343,000 after buying an additional 50,500 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% during the fourth quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock valued at $48,399,000 after acquiring an additional 271,214 shares in the last quarter. Vanderbilt University increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.7% during the fourth quarter. Vanderbilt University now owns 362,028 shares of the company’s stock worth $45,710,000 after acquiring an additional 2,600 shares during the last quarter. Cadence Wealth Management LLC lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 66.5% in the fourth quarter. Cadence Wealth Management LLC now owns 235,924 shares of the company’s stock worth $29,788,000 after acquiring an additional 94,195 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 139.7% in the third quarter. Quadrature Capital Ltd now owns 222,891 shares of the company’s stock worth $29,462,000 after acquiring an additional 129,890 shares in the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.9%

Shares of XOP opened at $161.99 on Thursday. The business’s 50 day moving average is $164.63 and its two-hundred day moving average is $156.21. 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 cap of $3.30 billion, a price-to-earnings ratio of 11.28 and a beta of 0.53.

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 prices jumped after the U.S. launched fresh strikes against Iran, reviving fears of supply disruption through the Strait of Hormuz and boosting energy producers. Oil rises more than dollar per barrel as US launches fresh strikes against Iran
• Positive Sentiment: U.S. diesel futures posted their biggest daily gains in four years after Russia banned diesel exports, adding to concerns about refined-fuel supply and supporting the broader oil complex. US diesel futures post biggest daily gains in four years after Russia bans exports
• Positive Sentiment: Market commentary pointed to renewed inflation fears and stronger crude prices after Trump said an interim Iran agreement was over, which tends to lift oil-and-gas exploration names like XOP. Investors get inflation ‘wake-up call’ as Trump fires up oil prices
• Positive Sentiment: Reuters also reported earlier strikes on Iran, reinforcing a supply-disruption trade that has been lifting crude and related energy equities. US oil prices jump after US military launches strikes against Iran
• Neutral Sentiment: One offsetting headline: U.S. crude inventories unexpectedly rose by 3 million barrels, which can cap gains if traders focus on near-term supply builds rather than geopolitical risk. U.S. Crude Oil Stockpiles Post Unexpected Build

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.