Headlands Technologies LLC Buys New Stake in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Headlands Technologies LLC bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,251 shares of the company’s stock, valued at approximately $501,000.

Other hedge funds also recently bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at $30,000. IFP Advisors Inc boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% during the third quarter. IFP Advisors Inc now owns 290 shares of the company’s stock valued at $38,000 after acquiring an additional 227 shares during the last quarter. Essential Partners LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter worth about $44,000. Advisory Services Network LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth about $46,000. Finally, Advisors Preferred LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter valued at about $63,000.

SPDR S&P Oil & Gas Exploration & Production ETF Trading Up 0.2%

NYSEARCA:XOP opened at $193.16 on Thursday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 11.28 and a beta of 0.53. The company’s 50-day moving average is $172.10 and its two-hundred day moving average is $168.42. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $122.11 and a 12-month high of $194.83.

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

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

• Positive Sentiment: Renewed U.S.-Iran strikes pushed Brent and WTI higher, with markets pricing in a greater possibility of prolonged Middle East supply disruptions. Higher realized oil prices generally support cash flow and earnings for XOP’s exploration and production holdings. Brent rises more than 2% following tit-for-tat strikes by the U.S. and Iran
• Positive Sentiment: U.S. commercial crude inventories fell by 4.5 million barrels, far more than the 300,000-barrel decline analysts expected. Falling stockpiles reinforce the near-term tightening narrative for oil markets. U.S. Crude Oil Stockpiles See Larger-Than-Expected Drop
• Positive Sentiment: European gasoline refining margins exceeded $62 per barrel as Middle East and Ukraine-related supply concerns tightened fuel markets, providing an additional signal of strength across the energy complex. European refiners reaping near-record profits on gasoline
• Positive Sentiment: Technical momentum also remains favorable: WTI broke above its post-March downtrend and 100-day moving average, increasing the prospect of additional gains in crude prices. WTI Crude Oil Breakout Puts $101 Target in Play
• Neutral Sentiment: More than 17 million barrels of oil reportedly transited the Strait of Hormuz on Monday, suggesting that flows remain active despite the conflict. This limits immediate evidence of a physical supply outage, even as geopolitical risk supports prices. Energy Secretary Chris Wright tells CNBC that more than 17 million barrels of oil transited Hormuz on Monday
• Neutral Sentiment: OPEC+ is expected to leave its October production policy unchanged, offering no fresh supply reduction but also no immediate increase beyond its current plan. OPEC+ likely to keep oil output policy unchanged
• Negative Sentiment: Plans to more than double Venezuela’s oil production over the next several years could eventually add substantial supply and cap crude prices, though the increase would likely take time. US energy chief says Venezuela oil output to more than double in next few years

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.