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

Shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) hit a new 52-week high during trading on Thursday . The stock traded as high as $142.39 and last traded at $138.7770, with a volume of 2264540 shares. The stock had previously closed at $137.10.

Key Headlines Impacting 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: Heightened Iran tensions and U.S. military moves are lifting oil risk premia, putting upward pressure on crude and E&P cash flows. Oil prices rise more than 2% as Trump weighs strikes on Iran
• Positive Sentiment: Analyst/forecasts point to oil heading toward the mid-$60s on geopolitical risk, a softer dollar and bullish technicals — a constructive backdrop for XOP holdings. Natural Gas and Oil Forecast: What’s Driving Oil Toward $65 and Gas Back to $4?
• Positive Sentiment: Citi says prices may remain elevated despite oversupply risks due to geopolitical risk, U.S. limits on Russian oil purchases and Chinese buying — supportive for E&P margins. Citi expects oil prices to stay elevated despite oversupply risks
• Positive Sentiment: U.S. commercial crude stocks fell, tightening near-term balances and supporting prices — a direct short-term tailwind for XOP constituents. U.S. Crude Oil Stockpiles Post Weekly Decline as Imports Fall
• Positive Sentiment: Lost Kazakh exports (pipeline damage) are easing the global supply glut, helping underpin prices. Kazakhstan export loss to ease global oil supply glut, Vitol executive says
• Neutral Sentiment: Geopolitics are likely to dominate Big Oil earnings calls, adding volatility to sentiment but not directly altering production — investors will watch commentary on Venezuela exposure. Geopolitics loom large over Big Oil earnings as investors seek Venezuela details
• Negative Sentiment: U.S. moves to ease Venezuelan sanctions (a forthcoming general license) and recent purchases of Venezuelan crude by U.S. players (Citgo, Chevron plans) point to rising medium?term supply that could cap upside for prices and pressure E&P multiples. U.S. to issue general license soon lifting some sanctions on Venezuelan oil industry
• Negative Sentiment: Reports of Citgo buying Venezuelan crude and Chevron boosting Venezuelan exports to the U.S. increase potential near?term supply into U.S. markets, a downward force on prices if flows accelerate. Citgo buys first Venezuelan oil cargo since ending ties with Venezuelan parent Chevron to boost exports of Venezuelan oil to US in March, sources say
• Negative Sentiment: Smaller E&P names are showing weakness (example: Maurel & Prom missed full?year sales on weak prices), a reminder that not all constituents benefit equally and stock-level dispersion will rise. France’s Maurel & Prom posts annual sales miss on weak oil prices

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.2%

The company’s fifty day moving average is $130.30 and its two-hundred day moving average is $129.47. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.28 and a beta of 0.95.

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

Several hedge funds have recently made changes to their positions in XOP. Jones Financial Companies Lllp boosted its position in SPDR S&P Oil & Gas Exploration & Production ETF by 6.6% during the first quarter. Jones Financial Companies Lllp now owns 7,389 shares of the company’s stock valued at $973,000 after purchasing an additional 457 shares during the last quarter. Venture Visionary Partners LLC boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 93.2% in the 2nd quarter. Venture Visionary Partners LLC now owns 13,500 shares of the company’s stock valued at $1,698,000 after buying an additional 6,513 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 31.0% in the second quarter. Janney Montgomery Scott LLC now owns 9,558 shares of the company’s stock valued at $1,202,000 after buying an additional 2,262 shares in the last quarter. HB Wealth Management LLC acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth $1,254,000. Finally, Truist Financial Corp raised its position in SPDR S&P Oil & Gas Exploration & Production ETF by 10.8% during the second quarter. Truist Financial Corp now owns 22,275 shares of the company’s stock worth $2,802,000 after acquiring an additional 2,180 shares in the last quarter.

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.