Vicus Capital Makes New $4.29 Million Investment in SPDR S&P Oil & Gas Exploration & Production ETF $XOP

Vicus Capital purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 1st quarter, Holdings Channel.com reports. The fund purchased 23,610 shares of the company’s stock, valued at approximately $4,293,000.

Other large investors also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% during the fourth quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock worth $48,399,000 after purchasing an additional 271,214 shares during the last quarter. Marshall Wace LLP acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at $28,088,000. Quadrature Capital Ltd lifted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 139.7% during the third quarter. Quadrature Capital Ltd now owns 222,891 shares of the company’s stock worth $29,462,000 after buying an additional 129,890 shares during the period. Cadence Wealth Management LLC lifted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 66.5% during the fourth quarter. Cadence Wealth Management LLC now owns 235,924 shares of the company’s stock worth $29,788,000 after buying an additional 94,195 shares during the period. Finally, Jump Financial LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth about $11,167,000.

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: U.S. natural gas futures are extending gains as hotter weather is expected across much of the U.S. over the next two weeks, which could support producers with exposure to gas prices. U.S. Natural Gas Futures Extend Gains on Coming Hot Weather
• Neutral Sentiment: Some analysts say oil may be approaching technical support after a sharp pullback, which could help stabilize energy shares if selling pressure starts to ease. Crude Oil Price Forecast: Can Oil Rebound from Oversold Conditions?
• Negative Sentiment: U.S. crude dipped below $70 a barrel as traders focused on improving tanker flow through the Strait of Hormuz, reducing the war-related risk premium that had supported energy prices. US crude oil falls below $70 a barrel despite Iranian attack on cargo ship
• Negative Sentiment: Reuters reported oil prices are falling as more tankers exit the Strait of Hormuz, signaling easing supply concerns and adding to weekly losses for crude. Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
• Negative Sentiment: Oil futures are being weighed by signs of further easing in Middle East tensions and a move back toward pre-war pricing, which can hurt exploration-and-production names in XOP. Oil Futures Fall On Likely Technical Correction

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

Shares of NYSEARCA:XOP opened at $154.68 on Monday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 11.28 and a beta of 0.52. The stock’s 50-day moving average price is $166.29 and its two-hundred day moving average price is $154.78. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $121.46 and a 12-month high of $190.36.

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.