SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 25.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,931 shares of the company’s stock after purchasing an additional 4,463 shares during the quarter. Cetera Investment Advisers’ holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $3,988,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Godfrey Financial Associates Inc. acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth about $30,000. IFP Advisors Inc boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% during the 3rd quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $38,000 after purchasing an additional 227 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter valued at approximately $46,000. Advisors Preferred LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter valued at approximately $63,000. Finally, EFG International AG purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth approximately $76,000.

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

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

• Positive Sentiment: Earlier war-related oil gains are expected to produce the strongest quarterly profits for U.S. shale producers since 2022, potentially supporting shareholder returns through dividends and buybacks. War-fueled oil rally set to lift shale profits to highest since 2022
• Positive Sentiment: Persistent Middle East supply risks and uncertainty around U.S.-Iran negotiations continue to provide an upside risk to crude prices, which could support XOP’s producers if disruptions worsen. Oil ticks up after selloff as talks to end US-Iran war remain uncertain
• Positive Sentiment: Goldman Sachs identified scenarios involving a major escalation that could drive oil as high as $120 per barrel, offering substantial upside for exploration and production companies. Goldman Sachs sees oil as high as $120 a barrel

SPDR S&P Oil & Gas Exploration & Production ETF Trading Down 1.3%

Shares of XOP opened at $171.95 on Wednesday. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $121.46 and a 12-month high of $190.36. The firm has a market capitalization of $3.63 billion, a P/E ratio of 11.28 and a beta of 0.53. The firm has a 50-day moving average price of $163.79 and a 200 day moving average price of $161.95.

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.