SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Reaches New 52-Week High – Here’s Why

Posted by Geri Gentry on Sep 16th, 2026

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $198.96 and last traded at $199.0080, with a volume of 117939 shares trading hands. The stock had previously closed at $195.72.

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: Escalating Middle East supply disruptions supported oil prices. Damage from a drone attack forced Saudi Arabia to shut its East-West pipeline, while additional attacks and rising Houthi threats to Red Sea shipping increased concerns about the reliability of regional supply. Some physical European oil cargoes traded above $130 per barrel as buyers sought alternatives. Some physical oil cargoes top $130 a barrel, nearing April’s record, on Saudi disruptions
Positive Sentiment: WTI climbed above $106 per barrel and tested a key $110 resistance level. Technical forecasts indicate that continued strength could open the way toward higher targets, including approximately $119, providing a bullish backdrop for XOP’s producers. WTI Crude Oil Forecast: Rally Tests $110 Resistance Zone
Positive Sentiment: Other support came from tightening market expectations. Higher Chinese crude imports, limited non-OPEC+ supply growth outside the Middle East, and historically low U.S. Strategic Petroleum Reserve inventories reinforced the view that spare supply may be constrained. Oil stocks in US Strategic Petroleum Reserve fall to lowest level since 1982
Neutral Sentiment: U.S. Energy Secretary Chris Wright characterized the Saudi pipeline outage as a short-term interruption expected to last days. A rapid restoration of flows could reduce the geopolitical premium in crude and moderate gains in XOP.
Negative Sentiment: Higher oil is also pushing inflation and Treasury yields higher. Renewed rate-hike concerns and tighter financial conditions could pressure the broader equity market, raise producers’ financing costs, and eventually weaken fuel demand. Oil and Treasury yields haven’t moved this closely in seven years

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

The company’s fifty day simple moving average is $179.17 and its two-hundred day simple moving average is $171.29. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 11.28 and a beta of 0.54.

Hedge Funds Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

A number of hedge funds have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of 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 acquiring an additional 50,500 shares during the last quarter. Bessemer Group Inc. boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 28.0% in the first quarter. Bessemer Group Inc. now owns 629,152 shares of the company’s stock worth $114,399,000 after purchasing an additional 137,737 shares during the period. Proficio Capital Partners LLC boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 1,118.1% in the second quarter. Proficio Capital Partners LLC now owns 567,264 shares of the company’s stock worth $87,506,000 after purchasing an additional 520,694 shares during the period. Rokos Capital Management LLP bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the first quarter valued at $55,271,000. Finally, Cadence Wealth Management LLC increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 66.5% during the fourth quarter. Cadence Wealth Management LLC now owns 235,924 shares of the company’s stock valued at $29,788,000 after purchasing an additional 94,195 shares during the last quarter.

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

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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.