SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Reaches New 52-Week High – Should You Buy?

Shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) hit a new 52-week high on Monday . The company traded as high as $153.89 and last traded at $151.2580, with a volume of 286442 shares changing hands. The stock had previously closed at $151.86.

Key Stories Impacting 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: Heightened U.S.–Iran tensions are keeping oil near multi‑month highs, underpinning E&P profitability and benefiting XOP constituents. Oil prices hover near seven-month highs ahead of US-Iran talks
• Positive Sentiment: Technical momentum: analysts note bulls defending key support levels (mid‑$60s WTI) after a breakout, which raises the chance of a further oil rally and tends to boost XOP. Crude Oil Price Forecast: Bulls Defend Support Above $67
• Positive Sentiment: Market structure and short‑covering amid Middle East risk have supported sharp oil gains recently, a dynamic that can lift E&P stocks in XOP. Oil Market Alert: The Structural Risk Signal Most Traders Are Missing
• Neutral Sentiment: Some analysts warn that strong U.S. production and adequate global supply could limit upside in oil prices even amid geopolitical fears, which would moderate gains for XOP. Oil rises on Iran fears, but expert says supply is strong — what it means for prices
• Negative Sentiment: OPEC+ is likely to consider a modest 137,000 bpd output increase for April to resume production rises after a pause — added supply that can weigh on prices and E&P margins. OPEC+ to consider 137,000 bpd oil output increase for April, sources say
• Negative Sentiment: U.S. crude inventories reportedly jumped ~11.4 million barrels, a bearish supply signal that could pressure oil prices and cap upside for XOP. Natural Gas and Oil Forecast: WTI at Key Support as Stocks Jump 11.4M; WTI USOIL Hold $65.50 or Break Higher?
• Negative Sentiment: Reports show Iran has boosted crude loadings to multi‑year highs this month — increased regional supply that could relieve some risk premium and weigh on oil and XOP. Iranian Oil Loadings Soar as Regional Risks Intensify Ahead of U.S. Talks

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 11.28 and a beta of 0.95. The stock’s 50 day moving average price is $135.21 and its two-hundred day moving average price is $131.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XOP. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1.7% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,099,500 shares of the company’s stock valued at $391,343,000 after buying an additional 50,500 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,054,720 shares of the company’s stock worth $403,834,000 after purchasing an additional 79,498 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% during the fourth quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock valued at $48,399,000 after purchasing an additional 271,214 shares in the last quarter. Vanderbilt University grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.7% during the fourth quarter. Vanderbilt University now owns 362,028 shares of the company’s stock worth $45,710,000 after purchasing an additional 2,600 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 0.9% during the second quarter. EP Wealth Advisors LLC now owns 292,149 shares of the company’s stock worth $36,752,000 after purchasing an additional 2,642 shares during the last quarter.

About SPDR S&P Oil & Gas Exploration & Production ETF

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.