Vanderbilt University lessened its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 14.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 307,925 shares of the company’s stock after selling 54,103 shares during the quarter. SPDR S&P Oil & Gas Exploration & Production ETF comprises about 10.6% of Vanderbilt University’s investment portfolio, making the stock its 4th biggest holding. Vanderbilt University’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $55,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in XOP. Quantbot Technologies LP grew its position in SPDR S&P Oil & Gas Exploration & Production ETF by 64.1% in the third quarter. Quantbot Technologies LP now owns 8,682 shares of the company’s stock worth $1,148,000 after acquiring an additional 3,392 shares in the last quarter. Krilogy Financial LLC raised its position in SPDR S&P Oil & Gas Exploration & Production ETF by 13.9% during the fourth quarter. Krilogy Financial LLC now owns 49,664 shares of the company’s stock valued at $6,694,000 after purchasing an additional 6,047 shares during the period. ARP Global Capital Ltd purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter valued at approximately $9,596,000. Abbington Investment Group lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 78.8% in the 4th quarter. Abbington Investment Group now owns 48,649 shares of the company’s stock valued at $6,143,000 after purchasing an additional 21,435 shares during 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 3rd quarter. Quadrature Capital Ltd now owns 222,891 shares of the company’s stock valued at $29,462,000 after purchasing an additional 129,890 shares during the last quarter.
SPDR S&P Oil & Gas Exploration & Production ETF Stock Performance
Shares of SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $153.03 on Thursday. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 11.28 and a beta of 0.52. The stock has a 50 day moving average price of $166.66 and a 200-day moving average price of $154.51. SPDR S&P Oil & Gas Exploration & Production ETF has a one year low of $121.46 and a one year high of $190.36.
SPDR S&P Oil & Gas Exploration & Production ETF News Roundup
- Positive Sentiment: U.S. crude inventories fell for a ninth straight week, and Cushing stockpiles dropped to their lowest level in 12 years, which supports the oil price outlook. U.S. Crude Oil Inventories Fall, Product Stocks Rise
- Positive Sentiment: Russian refinery outages from drone attacks could tighten regional fuel supplies and offer some support to energy prices. Moscow oil refinery hit by drone attacks is unlikely to resume production this year, sources say
- Neutral Sentiment: Dallas Fed survey data showed U.S. oil executives expect only slight production growth, but uncertainty around regulation and geopolitics remains high. US oil executives see slight output growth, future outlook uncertain, survey says
- Neutral Sentiment: Some analysts said oil markets are signaling near-term oversupply as more tankers leave the Strait of Hormuz, reinforcing the recent decline in crude. Oil markets start to signal near-term oversupply as tankers exit Strait of Hormuz
- Negative Sentiment: Crude prices extended losses as shipping concerns eased in the Strait of Hormuz, reducing the risk premium that had supported oil-related shares. Oil prices extend decline on expectations of smoother crude flows via Hormuz
- Negative Sentiment: President Trump’s call for a DOJ probe into oil companies and pressure for lower gasoline prices adds headline risk for the sector. Trump instructs DOJ probe of oil companies over higher gasoline 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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