SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Hits New 52-Week High – What’s Next?

Posted by Stanley Muller on Oct 22nd, 2026

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Get Free Report)’s share price hit a new 52-week high on Tuesday. The stock traded as high as $202.28 and last traded at $199.47, with a volume of 1,954,411 shares. The stock had previously closed at $200.38.

SPDR S&P Oil & Gas Exploration & Production ETF News Roundup

Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:

Positive Sentiment: U.S. commercial crude inventories fell by 3.1 million barrels last week, far more than the 300,000-barrel decline analysts expected. The larger draw reinforces concerns about tight near-term supply and can support crude prices and XOP’s oil-producing holdings. U.S. Crude Oil Stockpiles Fall More Than Expected
Positive Sentiment: Oil prices remain supported by attacks and shipping threats around the Strait of Hormuz, the Red Sea, and Saudi Arabian energy infrastructure. Persistent disruption risks are keeping a geopolitical premium in crude, which is favorable for XOP’s upstream producers. Oil prices climb as traders assess Middle East developments
Positive Sentiment: Recent API inventory data also showed a substantial crude draw, while technical analysts continue to identify bullish trends and potential upside toward $110 or higher for WTI. These conditions improve the earnings outlook for U.S. exploration and production companies. WTI Price Forecast: Bullish Trend Targets $110 and Beyond
Neutral Sentiment: Unusually large options activity in XOP signals elevated investor interest and potentially greater near-term volatility, but it does not establish a clear bullish or bearish direction. SPDR S&P Oil & Gas Exploration & Production ETF Sees Unusually Large Options Volume
Negative Sentiment: The U.S. proposal to loan part of its heating-oil reserve, along with the International Energy Agency’s readiness to coordinate additional stock releases, could temper fuel prices if implemented. US aims to loan about a third of heating oil reserve
Negative Sentiment: WTI has faced resistance near $100, while gasoline inventory builds, potentially stronger Russian energy exports, recovering Gulf shipments, and faster North Dakota well completions point to improving supply or softer demand. Those factors could pressure crude prices and cap XOP’s upside. North Dakota oil companies speed up well completions as prices rise

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 0.5%

The business has a 50-day moving average price of $189.40 and a 200-day moving average price of $174.86. The firm has a market capitalization of $4.38 billion, a PE ratio of 11.28 and a beta of 0.64.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Principia Wealth Advisory LLC grew its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 4.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 2,385 shares of the company’s stock valued at $368,000 after buying an additional 105 shares in the last quarter. Stapp Wealth Management Pllc increased its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.5% in the 3rd quarter. Stapp Wealth Management Pllc now owns 23,543 shares of the company’s stock worth $4,222,000 after acquiring an additional 118 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 1,564 shares of the company’s stock worth $241,000 after acquiring an additional 124 shares during the period. Laurel Oak Wealth Management LLC raised its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 3.8% during the 1st quarter. Laurel Oak Wealth Management LLC now owns 4,989 shares of the company’s stock worth $907,000 after acquiring an additional 184 shares during the period. Finally, Continuum Advisory LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth $28,000.

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

(Get 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.