Traders Buy SPDR S&P Oil & Gas Explore & Prod. (XOP) on Weakness

Investors bought shares of SPDR S&P Oil & Gas Explore & Prod. (NYSEARCA:XOP) on weakness during trading on Thursday. $89.98 million flowed into the stock on the tick-up and $38.07 million flowed out of the stock on the tick-down, for a money net flow of $51.91 million into the stock. Of all companies tracked, SPDR S&P Oil & Gas Explore & Prod. had the 16th highest net in-flow for the day. SPDR S&P Oil & Gas Explore & Prod. traded down ($0.45) for the day and closed at $38.88

The firm has a market cap of $2,600.00 and a P/E ratio of -1.77.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were paid a $0.0645 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.26 annualized dividend and a yield of 0.66%. SPDR S&P Oil & Gas Explore & Prod.’s dividend payout ratio (DPR) is -1.28%.

A number of large investors have recently bought and sold shares of XOP. Bessemer Group Inc. increased its stake in SPDR S&P Oil & Gas Explore & Prod. by 209,530.5% in the 3rd quarter. Bessemer Group Inc. now owns 2,232,565 shares of the company’s stock valued at $76,108,000 after buying an additional 2,231,500 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of SPDR S&P Oil & Gas Explore & Prod. by 102.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,235,000 shares of the company’s stock worth $76,191,000 after purchasing an additional 1,132,000 shares during the last quarter. Seatown Holdings Pte. Ltd. purchased a new stake in shares of SPDR S&P Oil & Gas Explore & Prod. during the 3rd quarter worth approximately $23,863,000. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P Oil & Gas Explore & Prod. by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,502,959 shares of the company’s stock worth $290,803,000 after purchasing an additional 528,748 shares during the last quarter. Finally, Factory Mutual Insurance Co. increased its stake in shares of SPDR S&P Oil & Gas Explore & Prod. by 1,010.1% during the 4th quarter. Factory Mutual Insurance Co. now owns 439,600 shares of the company’s stock worth $16,344,000 after purchasing an additional 400,000 shares during the last quarter.

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About SPDR S&P Oil & Gas Explore & Prod.

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.

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