Tidal Investments LLC Invests $1.24 Million in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Tidal Investments LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,008 shares of the company’s stock, valued at approximately $1,235,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Analysts LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth $41,000. Integrated Wealth Concepts LLC boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 3.1% in the second quarter. Integrated Wealth Concepts LLC now owns 15,499 shares of the company’s stock valued at $2,391,000 after acquiring an additional 462 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at about $5,749,000. NewEdge Advisors LLC increased its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1,809.2% during the second quarter. NewEdge Advisors LLC now owns 134,865 shares of the company’s stock worth $20,804,000 after acquiring an additional 127,801 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1,451.0% during the second quarter. IFP Advisors Inc now owns 4,467 shares of the company’s stock worth $689,000 after acquiring an additional 4,179 shares during the period.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 1.0%

NYSEARCA XOP opened at $190.61 on Friday. The stock has a market capitalization 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 52-week low of $122.11 and a 52-week high of $200.89. The firm has a 50-day moving average price of $181.07 and a 200 day moving average price of $171.99.

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: China may be increasing oil imports after helping balance the market by reducing purchases during the Iran conflict. Renewed Chinese demand could tighten global supply and support crude prices and XOP constituents. Red Flags Emerge for Oil Prices in Europe and China
• Positive Sentiment: Fresh Saudi-Houthi strikes and the closure of the Strait of Hormuz continue to create significant geopolitical supply risks. Any escalation could quickly restore a premium to oil prices and benefit U.S. exploration and production companies. Oil prices fall as Saudi supply hopes outweigh fresh Houthi strikes
• Neutral Sentiment: WTI has held support near $99.30, while a move above $102.50 could reopen a path toward $107.47-$109.74. The technical outlook suggests downside may be limited if supply concerns return, but further weakness remains possible. WTI Crude Oil Forecast: $99 Support Keeps Upside Intact
• Negative Sentiment: Expectations that Saudi Arabia can restore pipeline and export flows, along with alternate routes for Middle Eastern barrels, have reduced immediate supply fears. WTI has slipped below $100, weighing on oil-linked equities. Oil prices fall 1% on hopes of limited supply disruptions
• Negative Sentiment: France’s call for a G7 meeting to discuss releasing strategic reserves has added another potential source of supply, prompting traders to take profits and pushing oil lower. Oil Retreats As Macron Calls For G7 Meeting to Release Reserves
• Negative Sentiment: EU finance ministers are considering an EU-wide windfall tax on energy companies benefiting from higher oil and gas prices. The proposal could reduce the benefits of elevated commodity prices for producers operating in or exposed to Europe. EU ministers to discuss taxing windfall profits of energy companies as oil prices surge

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.