Bessemer Group Inc. decreased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,415 shares of the company’s stock after selling 14,234 shares during the quarter. Bessemer Group Inc.’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $62,046,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in 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 buying an additional 93 shares in the last quarter. Winthrop Capital Management LLC lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 40.7% in the 3rd quarter. Winthrop Capital Management LLC now owns 332 shares of the company’s stock valued at $44,000 after buying an additional 96 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in 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 valued at $1,675,000 after buying an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 2.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,822 shares of the company’s stock valued at $645,000 after buying an additional 121 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 2.6% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 5,845 shares of the company’s stock valued at $738,000 after buying an additional 146 shares in the last quarter.
SPDR S&P Oil & Gas Exploration & Production ETF Stock Performance
XOP stock opened at $174.13 on Friday. SPDR S&P Oil & Gas Exploration & Production ETF has a 1 year low of $118.14 and a 1 year high of $190.36. The stock’s 50 day moving average price is $171.41 and its 200 day moving average price is $147.61. The firm has a market cap of $3.40 billion, a P/E ratio of 11.28 and a beta of 0.56.
More SPDR S&P Oil & Gas Exploration & Production ETF News
- Positive Sentiment: Oil prices are being supported by ongoing fears over ship attacks, seizures, and limited flows through the Strait of Hormuz, which can lift earnings expectations for exploration and production companies. Oil rises as fears of ship attacks and seizures persist
- Positive Sentiment: Crude surged after Trump warned Iran over Hormuz, reinforcing the view that a prolonged supply disruption could keep prices elevated and benefit oil producers. Oil News: Crude Oil Futures Surge as Trump Warns Iran Over Hormuz
- Positive Sentiment: Analysts said oil could reach $150 per barrel in an extreme escalation scenario, which would be a major tailwind for XOP if supply fears intensify further. Capital Economics sees oil at $150 per barrel through 2027 an extreme case
- Positive Sentiment: Global oil inventories are being drawn down rapidly during the Iran war, raising the risk of a tighter market and supporting upstream energy shares. The World Is Burning Through Its Oil Safety Net
- Neutral Sentiment: U.S. and Chinese actions may have softened the immediate oil shock by boosting U.S. exports and reducing Chinese imports, which could moderate the pace of further upside in crude. How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
- Neutral Sentiment: The UAE is accelerating a pipeline project to bypass Hormuz, which could eventually reduce disruption risk, but the project would not be online until 2027. UAE to accelerate oil pipeline project to help bypass Hormuz
- Neutral Sentiment: U.S. oil refiners are seeing better biofuels margins thanks to mandates and higher fuel prices, but this is more directly beneficial to refining than to XOP’s upstream-heavy portfolio. US oil refiners finally profit from biofuels due to mandates, high fuel prices
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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