3,150 Shares of SPDR S&P Oil & Gas Exploration & Production ETF $XOP Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 3,150 shares of the company’s stock, valued at approximately $565,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth about $28,000. Compass Financial Management LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $34,000. Capital Analysts LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $41,000. Essential Partners LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter valued at approximately $44,000. Finally, Advisors Preferred LLC acquired a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter valued at approximately $63,000.

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: Falling distillate inventories, resilient U.S. job growth and Middle East supply constraints are supporting a cautiously bullish longer-term view of oil, which could benefit exploration and production companies. Crude Oil Forecast: Why Falling Inventories Keep Supply Risks in Focus
• Positive Sentiment: Middle East supply risks helped put a floor under oil prices after a volatile selloff, while traders also bought the dip. Firmer crude can support the revenues and outlook of XOP’s holdings. Oil set for sharp weekly drop but Middle East supply concerns provide floor
• Neutral Sentiment: Oil remains volatile and range-bound: supply concerns and a rebound from technical support have been offset by resistance levels and signals of further downside risk. WTI Price Forecast: Crude Oil Rebounds From Critical Support
• Negative Sentiment: Analysts and traders see signs of excess oil supply as high prices curb demand. A sharper-than-expected demand slowdown or glut could pressure crude prices and weigh on XOP’s energy producers. As high oil prices curb demand, fresh signs of glut appear
• Negative Sentiment: Oil was on track for a steep weekly decline, with prices also pressured by hopes of reduced Iran-war escalation and recovering Gulf supply. These developments may lessen the risk premium in crude. Oil falls for a fourth day on expectations for lower risk of Iran war escalation

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

Shares of XOP opened at $173.77 on Monday. SPDR S&P Oil & Gas Exploration & Production ETF has a fifty-two week low of $123.16 and a fifty-two week high of $206.05. The firm’s 50 day moving average price is $191.36 and its 200 day moving average price is $171.51. The company has a market cap of $3.93 billion, a P/E ratio of 11.28 and a beta of 0.59.

SPDR S&P Oil & Gas Exploration & Production ETF Company 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.