Cadence Wealth Management LLC Acquires 116,203 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Cadence Wealth Management LLC increased its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 455.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,729 shares of the company’s stock after buying an additional 116,203 shares during the quarter. SPDR S&P Oil & Gas Exploration & Production ETF comprises about 9.8% of Cadence Wealth Management LLC’s holdings, making the stock its 3rd largest position. Cadence Wealth Management LLC owned approximately 0.96% of SPDR S&P Oil & Gas Exploration & Production ETF worth $18,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Canoe Financial LP purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth approximately $593,000. Allianz SE grew its position in SPDR S&P Oil & Gas Exploration & Production ETF by 33.5% in the 2nd quarter. Allianz SE now owns 51,025 shares of the company’s stock valued at $6,419,000 after buying an additional 12,800 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $1,540,000. Allworth Financial LP increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 759.5% in the 2nd quarter. Allworth Financial LP now owns 636 shares of the company’s stock valued at $80,000 after buying an additional 562 shares during the period. Finally, Corient Private Wealth LLC raised its position in SPDR S&P Oil & Gas Exploration & Production ETF by 198.3% during the 2nd quarter. Corient Private Wealth LLC now owns 18,571 shares of the company’s stock worth $2,336,000 after buying an additional 12,346 shares during the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.3%

Shares of NYSEARCA:XOP opened at $147.89 on Friday. SPDR S&P Oil & Gas Exploration & Production ETF has a fifty-two week low of $99.01 and a fifty-two week high of $149.33. The firm’s 50-day simple moving average is $132.81 and its 200-day simple moving average is $130.68. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 11.28 and a beta of 0.95.

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

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

• Positive Sentiment: Heightened U.S.–Iran tensions — President Trump said a second aircraft carrier is heading to the Middle East, boosting risk premia for crude and supporting E&P stocks (near-term bullish for XOP). Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Trump Puts More Pressure On Iran
• Positive Sentiment: Russian refinery disruption — Lukoil’s Volgograd refinery suspended processing after a drone attack, tightening regional supply and providing upward pressure on crude and E&P equity valuations. Russia’s Volgograd oil refinery halts processing after drone attack, sources say
• Neutral Sentiment: U.S. issues broad licences for Venezuela — Treasury general licences let major energy firms resume operations and negotiate new energy investments in Venezuela; this unlocks potential production upside for some firms but also adds longer-term supply, so net impact on XOP is mixed. US allows oil majors to resume Venezuela operations, broadly okays new energy investments
• Neutral Sentiment: White House/Treasury moves on Venezuela — Additional reporting notes licences specifically enabling Chevron and other firms to invest in Venezuela’s oil & gas sector; implications vary by company exposure and timing. Trump Greenlights More Oil-and-Gas Investments in Venezuela
• Neutral Sentiment: India’s Reliance wins licence to buy Venezuelan oil — expands buyers of Venezuelan crude; increases trade flows but also injects more crude into markets (mixed for U.S. E&P-focused XOP). Exclusive: India’s Reliance wins US licence for Venezuelan oil
• Negative Sentiment: IEA and analysts warn of oversupply — IEA flagged a large surplus (reported as a record ~3.7M bpd) and cut demand growth forecasts for 2026, and U.S. inventory builds have been large; these factors put downward pressure on oil prices and on E&P margins longer term. Natural Gas and Oil Forecast: Record 3.7M bpd Surplus Sparks Selloff—WTI Below $63, $60 Next?
• Negative Sentiment: Price weakness and inventory pressures this week — multiple market notes show WTI slipping on weak demand signals, soaring inventories and an overall tough week for crude; that backdrop can cap upside for XOP if it persists. Oil News: WTI Futures Sink as Supply Worries Challenge Crude Oil Outlook

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.