SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Get Free Report) saw some unusual options trading on Monday. Stock investors acquired 82,659 put options on the stock. This is an increase of approximately 191% compared to the average daily volume of 28,452 put options.
SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 4.2%
Shares of XOP stock opened at $158.36 on Tuesday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 11.28 and a beta of 0.52. The stock has a 50-day moving average of $169.28 and a 200-day moving average of $153.49. SPDR S&P Oil & Gas Exploration & Production ETF has a 1-year low of $121.46 and a 1-year high of $190.36.
Trending Headlines about SPDR S&P Oil & Gas Exploration & Production ETF
Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:
- Positive Sentiment: Energy markets still face supply tightness risks, with U.S. Strategic Petroleum Reserve inventories at their lowest level since 1983, highlighting how depleted stocks could support oil prices if disruptions return. Stocks of oil in US Strategic Petroleum Reserve falls to lowest since 1983
- Neutral Sentiment: Analysts say oil volatility may persist even after the Iran truce, suggesting the market could stay choppy as investors assess whether the ceasefire and reopening of Hormuz hold. Oil shock ‘far from over’ as analysts warn of new Middle East risk premium
- Neutral Sentiment: Unusual options activity showed heavy put buying in XOP, which may reflect traders hedging against further downside in energy shares.
- Negative Sentiment: Oil prices fell sharply after the U.S. and Iran agreed to halt the war and reopen the Strait of Hormuz, reducing the disruption premium that had supported energy stocks. Iran, US agree to halt war and reopen Hormuz, sending oil prices tumbling
- Negative Sentiment: U.S. gasoline prices slipped below $4 a gallon for the first time since April as optimism over the deal lowered energy market fears and pressured crude-linked equities. U.S. gasoline slips below $4 a gallon for first time since April
- Negative Sentiment: U.S. energy shares fell in premarket trading as the Iran deal lowered the perceived risk of a Hormuz disruption, weighing directly on the sector. Energy shares fall as Iran deal lowers Hormuz disruption risk
Institutional Investors Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF
SPDR S&P Oil & Gas Exploration & Production ETF Company 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.
Further Reading
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