4,871 Shares in SPDR S&P Oil & Gas Exploration & Production ETF $XOP Bought by Guardian Wealth Advisors LLC NC

Guardian Wealth Advisors LLC NC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,871 shares of the company’s stock, valued at approximately $751,000.

Several other institutional investors have also added to or reduced their stakes in the company. Mizuho Markets Cayman LP grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 284.8% in the fourth quarter. Mizuho Markets Cayman LP now owns 9,873 shares of the company’s stock worth $1,247,000 after purchasing an additional 7,307 shares during the last quarter. Graham Capital Management L.P. increased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 35.7% during the 4th quarter. Graham Capital Management L.P. now owns 31,150 shares of the company’s stock valued at $3,933,000 after purchasing an additional 8,200 shares during the period. Caxton Associates LLP bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 1st quarter valued at approximately $827,000. HighTower Advisors LLC raised its position in SPDR S&P Oil & Gas Exploration & Production ETF by 50.6% during the 4th quarter. HighTower Advisors LLC now owns 26,820 shares of the company’s stock valued at $3,386,000 after purchasing an additional 9,009 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter worth approximately $804,000.

Key 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: Oil prices reached a six-week high as U.S.-Iran hostilities and attacks involving vessels near the Strait of Hormuz raised concerns about prolonged disruptions to Middle East exports. The threat is particularly important for oil markets because the waterway handles a significant share of global shipments. Oil extends gains after US and Iran strike ships
• Positive Sentiment: Additional attacks on Saudi Aramco facilities and tanker strikes further increased the risk premium in WTI and Brent crude. Goldman Sachs reportedly sees a potential move toward $120 per barrel if attacks on Middle East shipping intensify, a scenario that would likely benefit XOP’s upstream producers. Goldman sees $120/bbl oil risk if attacks on Middle East vessels intensify
• Positive Sentiment: OPEC+ agreed to keep October production unchanged after six consecutive monthly increases. With Hormuz traffic already constrained, the lack of additional supply could help keep crude prices elevated. OPEC, Allies Agree to Keep Oil Output Steady in October
• Neutral Sentiment: Technical analysts said bullish chart patterns continue to support crude, but Brent faces resistance near $100. A potential decline in gasoline prices could provide relief for consumers, while also limiting some of the benefit of higher crude prices for energy equities. Crude Oil Forecast: WTI, Brent Bulls Target Key Breakouts

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

NYSEARCA XOP opened at $190.71 on Tuesday. The stock has a market cap of $4.02 billion, a P/E ratio of 11.28 and a beta of 0.54. SPDR S&P Oil & Gas Exploration & Production ETF has a fifty-two week low of $122.11 and a fifty-two week high of $194.83. The stock has a 50 day simple moving average of $174.28 and a two-hundred day simple moving average of $169.35.

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.