SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Sets New 12-Month High – Time to Buy?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $195.83 and last traded at $195.1470, with a volume of 277418 shares trading hands. The stock had previously closed at $190.71.

SPDR S&P Oil & Gas Exploration & Production ETF News Summary

Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Middle East supply risks are driving crude prices higher. Brent approached $100 per barrel and WTI neared $95 as attacks involving vessels, Saudi facilities and rising tensions around the Strait of Hormuz increased fears of prolonged disruptions. Goldman Sachs also warned that oil could reach $120 if attacks on shipping intensify. Higher commodity prices generally support earnings, margins and capital returns for XOP’s holdings. Stock Market Today: Oil Nears $100, Stock Futures Sink Global diesel supply to stay tight through winter
• Positive Sentiment: Refined-fuel markets are expected to remain tight. Limited spare refining capacity, Russia’s export ban and approaching winter demand are expected to keep diesel supplies constrained, supporting energy-sector pricing and potentially benefiting producers with strong liquids exposure. Global diesel supply to stay tight through winter
• Positive Sentiment: Analysts are raising energy-price expectations. Goldman Sachs increased its December 2026 Brent and WTI forecasts by $5, reflecting the market’s reassessment of geopolitical supply risk. OPEC+ also left its October production policy unchanged, limiting an immediate supply response. Oil extends gains as renewed Mideast hostilities raise worries of prolonged conflict
• Neutral Sentiment: Canadian export infrastructure could broaden crude demand. An expanded pipeline is expected to direct as much as 70% of Canadian oil exports to Asia by 2028, led by China. This is supportive for North American oil demand over time, but the benefit to XOP is indirect because the ETF primarily holds U.S. exploration and production companies. Asia is poised to take up 70% of Canadian oil exports
• Negative Sentiment: Risks remain if geopolitical premiums fade. Oil has stayed below $100 despite major disruptions, partly because global inventories, demand concerns and alternative supply are cushioning the shock. A de-escalation or restored shipping flows could quickly pressure crude prices and reverse the current tailwind for XOP. Why isn’t oil above $100 despite supply disruptions?

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

The company has a market capitalization of $4.11 billion, a P/E ratio of 11.28 and a beta of 0.54. The company has a 50 day moving average of $174.28 and a 200-day moving average of $169.35.

Hedge Funds Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

Several hedge funds have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 1.7% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,099,500 shares of the company’s stock worth $391,343,000 after acquiring an additional 50,500 shares during the period. Bessemer Group Inc. boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 28.0% in the first quarter. Bessemer Group Inc. now owns 629,152 shares of the company’s stock valued at $114,399,000 after acquiring an additional 137,737 shares in the last quarter. Proficio Capital Partners LLC increased its position in SPDR S&P Oil & Gas Exploration & Production ETF by 1,118.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 567,264 shares of the company’s stock valued at $87,506,000 after purchasing an additional 520,694 shares during the period. Wells Fargo & Company MN increased its position in SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% during the 4th quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock valued at $48,399,000 after purchasing an additional 271,214 shares during the period. Finally, Rokos Capital Management LLP bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the 1st quarter worth $55,271,000.

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.