Frisch Financial Group Inc. Decreases Stake in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Frisch Financial Group Inc. cut its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 85.3% during the first quarter, HoldingsChannel.com reports. The fund owned 3,153 shares of the company’s stock after selling 18,341 shares during the period. Frisch Financial Group Inc.’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $573,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Krilogy Financial LLC boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 13.9% during the 4th quarter. Krilogy Financial LLC now owns 49,664 shares of the company’s stock worth $6,694,000 after purchasing an additional 6,047 shares during the last quarter. Abbington Investment Group increased its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 78.8% in the fourth quarter. Abbington Investment Group now owns 48,649 shares of the company’s stock valued at $6,143,000 after purchasing an additional 21,435 shares during the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at approximately $669,000. HighTower Advisors LLC lifted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 50.6% during the fourth quarter. HighTower Advisors LLC now owns 26,820 shares of the company’s stock worth $3,386,000 after buying an additional 9,009 shares in the last quarter. Finally, Mizuho Markets Cayman LP lifted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 284.8% during the fourth quarter. Mizuho Markets Cayman LP now owns 9,873 shares of the company’s stock worth $1,247,000 after buying an additional 7,307 shares in the last quarter.

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

NYSEARCA XOP opened at $166.44 on Friday. The stock’s fifty day moving average is $163.37 and its two-hundred day moving average is $157.80. The firm has a market capitalization of $3.35 billion, a P/E ratio of 11.28 and a beta of 0.53. SPDR S&P Oil & Gas Exploration & Production ETF has a fifty-two week low of $121.46 and a fifty-two week high of $190.36.

Trending Headlines about 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: Oil prices rose as U.S.-Iran tensions escalated again, with strikes on Iranian targets and fears of supply disruptions through the Strait of Hormuz supporting exploration and production names like XOP. Oil prices rise 4th day as US strikes on Iran raise fears of wider conflict
• Positive Sentiment: U.S. crude stockpiles fell more than analysts expected, a sign of tighter near-term supply that can support oil prices and improve sentiment for XOP constituents. U.S. Crude Oil Stockpiles Post Weekly Withdrawal
• Positive Sentiment: Market commentary continues to frame oil as testing key resistance levels, with a breakout potentially opening the door to higher price targets, which would be constructive for E&P equities. Crude Oil Price Forecast: Can Bulls Push Above Key Resistance?
• Positive Sentiment: Additional reports noted that Middle East supply risks and conflict-driven uncertainty are keeping oil markets supported, another tailwind for XOP. The best energy stocks right now as two major conflicts keep oil prices elevated
• Neutral Sentiment: Some articles said traders are waiting for more data, including storage and EIA reports, while others mentioned oil retreating from recent gains as traders take profits. US natgas prices steady as market waits for storage report
• Neutral Sentiment: OPEC demand forecasts were cut again, which adds a potential headwind for longer-term oil demand even as near-term geopolitical risks remain elevated. Natural Gas and Oil Forecast: OPEC Cuts Demand Can WTI Finally Break Above $80?

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.