Cadence Wealth Management LLC Purchases 94,195 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Posted by Francis Steltz on May 23rd, 2026

Cadence Wealth Management LLC boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 66.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 235,924 shares of the company’s stock after purchasing an additional 94,195 shares during the quarter. SPDR S&P Oil & Gas Exploration & Production ETF accounts for 14.4% of Cadence Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Cadence Wealth Management LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $29,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Abound Wealth Management acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth about $25,000. IFP Advisors Inc lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% during the third quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $38,000 after purchasing an additional 227 shares in the last quarter. Winthrop Capital Management LLC lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 40.7% during the third quarter. Winthrop Capital Management LLC now owns 332 shares of the company’s stock worth $44,000 after purchasing an additional 96 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth about $46,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth about $99,000.

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 rose after reports suggested the U.S.-Iran peace process remains uncertain, with ongoing disagreement over uranium stockpiles and access through the Strait of Hormuz boosting crude and energy shares. US oil prices rise as investors doubt breakthrough in US-Iran peace talks
Positive Sentiment: Several market updates said energy markets could stay supported by supply risks, with the IEA warning oil could enter a “red zone” as summer demand rises and stocks dwindle, which is constructive for exploration and production stocks. Oil markets could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
Neutral Sentiment: Energy ETFs were highlighted as a way to benefit from the lingering Iran conflict and broader supply risks, reinforcing the bullish case for the sector, though this was largely a thematic market commentary rather than company-specific news. Energy ETFs to Keep Shining Amid Elusive Peace Deal and Supply Risks
Neutral Sentiment: Some articles also noted choppy trading in crude as traders waited for clearer signals from Middle East diplomacy, which may limit the ETF’s upside in the near term. Crude Oil Price Analysis – Oil Remains Choppy on Friday

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

Shares of XOP opened at $171.95 on Friday. The stock’s 50-day moving average is $172.58 and its two-hundred day moving average is $149.28. The stock has a market cap of $3.35 billion, a PE ratio of 11.28 and a beta of 0.56. SPDR S&P Oil & Gas Exploration & Production ETF has a 12 month low of $118.77 and a 12 month high of $190.36.

SPDR S&P Oil & Gas Exploration & Production ETF Profile

(Free Report)

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.