SPDR S&P Oil & Gas Exploration & Production ETF $XOP Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its holdings in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) by 32.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 34,643 shares of the company’s stock after selling 16,554 shares during the period. Kestra Advisory Services LLC’s holdings in SPDR S&P Oil & Gas Exploration & Production ETF were worth $6,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 4,563.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 893,627 shares of the company’s stock worth $137,851,000 after buying an additional 874,463 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter valued at approximately $121,139,000. Mirae Asset Securities USA Inc. bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at approximately $116,564,000. Bessemer Group Inc. raised its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 28.0% during 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. Finally, Proficio Capital Partners LLC raised its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1,118.1% during the second quarter. Proficio Capital Partners LLC now owns 567,264 shares of the company’s stock valued at $87,506,000 after acquiring an additional 520,694 shares in the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.6%

Shares of XOP stock opened at $180.14 on Thursday. The stock has a fifty day moving average of $190.61 and a 200 day moving average of $172.13. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $123.16 and a 52 week high of $206.05. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 11.28 and a beta of 0.59.

Trending Headlines about SPDR S&P Oil & Gas Exploration & Production ETF

Investors following XOP have been watching these headlines:

• Positive Sentiment: Oil’s recovery was supported by attacks affecting Hormuz shipping and persistent U.S.-Iran tensions, which raised concern about supply disruptions. Tight U.S. distillate inventories also helped offset worries about strong production and uncertain export demand. Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes Oil Rebounds as Tight Inventories and Middle East Risks Support Prices
• Positive Sentiment: China’s crude imports rose in October to their highest level since March, a potential sign of stronger demand for oil. China’s October crude oil imports rise to highest level since March amid Middle East war
• Neutral Sentiment: The rebound followed a sharp selloff, and reports noted that crude prices had recently fallen on hopes for a resolution to the conflict. Continued swings in oil prices leave the near-term outlook uncertain for XOP. Oil Prices Rebound as Middle East Supply Risks Persist

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.