Brookstone Capital Management lessened its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 25.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,621 shares of the company’s stock after selling 3,350 shares during the period. Brookstone Capital Management owned about 0.07% of SPDR S&P Oil & Gas Exploration & Production ETF worth $1,215,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Abound Wealth Management purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter valued at $25,000. FNY Investment Advisers LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 3rd quarter worth about $99,000. IFP Advisors Inc raised its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% during the 3rd quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $38,000 after buying an additional 227 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth about $203,000. Finally, Advisory Services Network LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at about $46,000.
SPDR S&P Oil & Gas Exploration & Production ETF Price Performance
Shares of XOP opened at $177.72 on Friday. SPDR S&P Oil & Gas Exploration & Production ETF has a one year low of $99.01 and a one year high of $190.36. The company has a 50-day moving average of $158.42 and a two-hundred day moving average of $139.86. The stock has a market cap of $2.88 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
- Positive Sentiment: Brent spot for immediate cargoes jumped to about $141, signaling tight physical supply and near‑term delivery pressure that favors E&P cash flows. Read More.
- Positive Sentiment: J.P. Morgan warns oil could top $150 if Strait of Hormuz disruptions persist into mid‑May — a scenario that would be highly bullish for XOP constituents. Read More.
- Positive Sentiment: Technical/forecast pieces show WTI breaking key levels (clearing $112 and earlier rallies to $105–$112), suggesting momentum that could push prices toward $120 if macro catalysts (NFP, geopolitics) align. Read More.
- Neutral Sentiment: OPEC+ is expected to discuss a possible output increase — if implemented when the Strait reopens, this could blunt some upside for oil and limit gains for XOP. Read More.
- Neutral Sentiment: Market commentary stresses oil is “waiting for headlines,” underscoring that XOP’s near‑term direction will track incoming geopolitical updates and economic prints. Read More.
- Negative Sentiment: Analysts and officials warn about possible demand destruction or rationing if prices stay very high; persistent demand weakness would cap E&P margins and pressure XOP. Read More.
- Negative Sentiment: Earlier hopes of a quick U.S. pullback from the Iran conflict briefly pushed prices lower — a de‑escalation narrative would weigh on XOP. Read More.
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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