Investment Planning Advisors Inc. Acquires Shares of 28,402 SPDR S&P Oil & Gas Exploration & Production ETF $XOP
by Danessa Lincoln · The Markets DailyInvestment Planning Advisors Inc. acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,402 shares of the company’s stock, valued at approximately $5,164,000. SPDR S&P Oil & Gas Exploration & Production ETF makes up 1.4% of Investment Planning Advisors Inc.’s holdings, making the stock its 15th biggest holding. Investment Planning Advisors Inc. owned 0.15% of SPDR S&P Oil & Gas Exploration & Production ETF as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Abound Wealth Management acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at $25,000. Godfrey Financial Associates Inc. acquired a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter worth $30,000. IFP Advisors Inc raised its position in SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% during the third quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $38,000 after acquiring an additional 227 shares during the period. Winthrop Capital Management LLC lifted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 40.7% during the third quarter. Winthrop Capital Management LLC now owns 332 shares of the company’s stock valued at $44,000 after purchasing an additional 96 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter valued at $46,000.
Key SPDR S&P Oil & Gas Exploration & Production ETF News
Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:
- Positive Sentiment: Crude prices moved up as renewed U.S.-Iran strikes and ship-attack concerns in the Strait of Hormuz raised the risk of disruptions to oil flows, a supportive backdrop for exploration and production stocks. Oil climbs following renewed US, Iran strikes in Middle East
- Positive Sentiment: Oil also rose on renewed supply-disruption concerns in the Middle East, reinforcing a short-term lift for XOP holdings tied to upstream energy prices. Oil Rises Amid Renewed Supply-Disruption Concerns
- Neutral Sentiment: Some producers in the Middle East are still pushing oil and LNG loadings despite the attacks, which may limit how much the disruption premium can sustain oil prices. Middle East producers push on with oil, LNG loadings despite ship attacks
- Neutral Sentiment: Iraq is pressing for a larger OPEC quota, but that could add supply and create tension inside OPEC, making the price impact uncertain. Iraq’s push for bigger OPEC quota driven by revenue pressures, new oil investment
- Negative Sentiment: Wall Street is trimming long-term oil price forecasts as weaker demand starts to outweigh geopolitical risks, which is a headwind for energy producers and XOP over time. Why Wall Street Thinks Cheap Oil Is Here to Stay
- Negative Sentiment: Lower U.S. Strategic Petroleum Reserve inventories and commentary that more oil supply is coming both suggest a looser market ahead, which could pressure crude prices and XOP. Oil stocks in US Strategic Petroleum Reserve fall by 5.5 million to lowest level since 1983 White House Economist: ‘More Oil Than You’ve Ever Seen’ Is Coming, and Prices Are About to Drop
- Negative Sentiment: Charts cited by analysts show crude weakening, with WTI under key support and bearish breakdown risk, signaling pressure on oil-sensitive energy shares. Natural Gas and Oil Forecast: WTI Under $71 While Brent Tests $73
SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 0.4%
Shares of NYSEARCA XOP opened at $155.37 on Tuesday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 11.28 and a beta of 0.52. The company’s 50-day simple moving average is $166.04 and its 200-day simple moving average is $154.92. SPDR S&P Oil & Gas Exploration & Production ETF has a 52-week low of $121.46 and a 52-week high of $190.36.
SPDR S&P Oil & Gas Exploration & Production ETF 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.
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