Ping Capital Management Inc. increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) by 21.2% in the 4th quarter, HoldingsChannel reports. The fund owned 40,000 shares of the company’s stock after acquiring an additional 7,000 shares during the period. SPDR S&P Oil & Gas Exploration & Production ETF accounts for approximately 1.5% of Ping Capital Management Inc.’s holdings, making the stock its 14th largest holding. Ping Capital Management Inc.’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $5,050,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 2.4% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 54,508 shares of the company’s stock worth $6,882,000 after purchasing an additional 1,264 shares in the last quarter. Pekin Hardy Strauss Inc. increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 41.8% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 5,312 shares of the company’s stock valued at $671,000 after purchasing an additional 1,567 shares during the period. Carrera Capital Advisors increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 16.5% during the 4th quarter. Carrera Capital Advisors now owns 18,417 shares of the company’s stock valued at $2,325,000 after purchasing an additional 2,614 shares during the period. Wealthfront Advisers LLC raised its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1.4% in the 4th quarter. Wealthfront Advisers LLC now owns 15,716 shares of the company’s stock worth $1,984,000 after buying an additional 211 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 112.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 33,175 shares of the company’s stock worth $4,189,000 after buying an additional 17,525 shares in the last quarter.
SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 0.9%
Shares of SPDR S&P Oil & Gas Exploration & Production ETF stock opened at $176.67 on Friday. The business has a fifty day simple moving average of $168.42 and a 200-day simple moving average of $144.69. SPDR S&P Oil & Gas Exploration & Production ETF has a fifty-two week low of $111.91 and a fifty-two week high of $190.36. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 11.28 and a beta of 0.56.
Key SPDR S&P Oil & Gas Exploration & Production ETF News
- Positive Sentiment: Analysts have raised oil-price forecasts as the prospect of a prolonged Iran war disruption grows—supporting higher future cash flows for E&P firms that XOP holds. Prospect of prolonged Iran war disruption drives oil forecasts higher
- Positive Sentiment: Exxon Mobil’s CEO warned oil markets haven’t felt the full impact of the Iran war, reinforcing upside risk to prices and potential earnings for exploration & production companies in the ETF. Exxon Mobil CEO expects higher oil prices due to Iran war
- Positive Sentiment: U.S. naval actions and sanctions have squeezed Iranian exports, forcing crude into floating storage and tightening effective supply — a bullish factor for E&P producers over time. US naval blockade squeezes Iran’s oil exports
- Positive Sentiment: U.S. natural?gas futures and LNG exports are rising as output falls—supporting broader energy sector sentiment and potentially boosting integrated E&P cash flows. US natural gas futures climb as output falls and LNG exports surge
- Neutral Sentiment: Big Oil is returning substantial cash to shareholders rather than ramping drilling — a structural dynamic that can tighten future supply (bullish for prices) but may reduce exploration upside for pure E&P names in XOP. Big Oil Stays the Course Despite Historic Dislocation in Energy Markets
- Neutral Sentiment: Technical studies and intra?day analysis show oil markets at extended levels—this creates two?way volatility: supports medium?term price risk but raises the chance of pullbacks that can pressure XOP in the near term. Crude Oil Price Analysis – Oil Sitting at Extended Levels
- Negative Sentiment: Short-term headlines — including Trump’s rejection of an Iran proposal and renewed hopes of negotiations — prompted traders to pull back from the recent rally, creating immediate selling pressure on energy names and XOP. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back As Trump Rejects Iran’s Proposal
- Negative Sentiment: Profit?taking and short?term retreats after a sharp rally have pushed crude off recent highs, a tactical risk that can weigh on XOP until a new supply/demand signal emerges. Oil retreats after hitting four-year high on concern of US-Iran war escalation
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.
Further Reading
Want to see what other hedge funds are holding XOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report).
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