14,102 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,102 shares of the company’s stock, valued at approximately $2,529,000. Pekin Hardy Strauss Inc. owned about 0.06% of SPDR S&P Oil & Gas Exploration & Production ETF as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter worth approximately $4,301,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at approximately $1,785,000. Integrity Alliance LLC. bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at approximately $545,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at approximately $565,000. Finally, MGO One Seven LLC increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 2.0% during the third quarter. MGO One Seven LLC now owns 13,087 shares of the company’s stock valued at $2,347,000 after acquiring an additional 257 shares in the last quarter.

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: U.S. crude inventories fell for a fifth consecutive week, and distillate stocks reached their lowest level in more than two decades—tightness in these supplies could support oil prices. U.S. Crude Oil Stockpiles Post Fifth Straight Weekly Drop
• Positive Sentiment: Oil rebounded from a key technical support level as traders bought the dip; Russia’s warning against travel to Iran also offered some support to oil markets. Oil Rebounds As Traders Buy The Dip
• Negative Sentiment: Crude fell for a fourth day amid hopes of reduced Iran-war risk, easing geopolitical concerns that had supported prices. The decline can pressure XOP’s oil-producing holdings and investor appetite for the sector. Oil falls for a fourth day
• Negative Sentiment: JPMorgan warned that rising exports and weak demand could push the global oil market into surplus, a headwind for crude prices and producers’ revenues. JPMorgan says exports and weak demand could create oil surplus
• Negative Sentiment: Reports of recovering Gulf supply and Nigerian cargoes left unsold suggest physical oil demand may be weakening. A technical analysis also flagged a possible double top and broken uptrend channel, leaving further downside risk despite the rebound. Physical Oil Just Went From a Bidding War to a Fire Sale WTI Price Forecast

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 2.9%

Shares of NYSEARCA XOP opened at $174.10 on Friday. SPDR S&P Oil & Gas Exploration & Production ETF has a twelve month low of $123.16 and a twelve month high of $206.05. The firm has a market cap of $3.98 billion, a P/E ratio of 11.28 and a beta of 0.59. The company has a 50 day moving average of $191.60 and a 200 day moving average of $171.29.

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.