Skylands Capital LLC lowered its stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,585 shares of the company’s stock after selling 16,045 shares during the quarter. SPDR S&P Oil & Gas Exploration & Production ETF makes up 1.1% of Skylands Capital LLC’s investment portfolio, making the stock its 29th largest position. Skylands Capital LLC owned about 0.24% of SPDR S&P Oil & Gas Exploration & Production ETF worth $8,289,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Quantbot Technologies LP boosted its position in shares of 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 valued at $1,148,000 after acquiring an additional 3,392 shares during the period. Krilogy Financial LLC increased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 13.9% during the 4th quarter. Krilogy Financial LLC now owns 49,664 shares of the company’s stock worth $6,694,000 after acquiring 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 in the 4th quarter worth approximately $9,596,000. Abbington Investment Group lifted its stake in 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 worth $6,143,000 after purchasing an additional 21,435 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its stake in 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 worth $29,462,000 after purchasing an additional 129,890 shares in the last quarter.
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. natural gas futures are extending gains as hotter weather is expected across much of the U.S. over the next two weeks, which could support producers with exposure to gas prices. U.S. Natural Gas Futures Extend Gains on Coming Hot Weather
- Neutral Sentiment: Some analysts say oil may be approaching technical support after a sharp pullback, which could help stabilize energy shares if selling pressure starts to ease. Crude Oil Price Forecast: Can Oil Rebound from Oversold Conditions?
- Negative Sentiment: U.S. crude dipped below $70 a barrel as traders focused on improving tanker flow through the Strait of Hormuz, reducing the war-related risk premium that had supported energy prices. US crude oil falls below $70 a barrel despite Iranian attack on cargo ship
- Negative Sentiment: Reuters reported oil prices are falling as more tankers exit the Strait of Hormuz, signaling easing supply concerns and adding to weekly losses for crude. Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
- Negative Sentiment: Oil futures are being weighed by signs of further easing in Middle East tensions and a move back toward pre-war pricing, which can hurt exploration-and-production names in XOP. Oil Futures Fall On Likely Technical Correction
SPDR S&P Oil & Gas Exploration & Production ETF Price Performance
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.
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