SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Stock Passes Below 50-Day Moving Average – What’s Next?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $136.66 and traded as low as $130.64. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $132.37, with a volume of 2,463,332 shares trading hands.

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

The firm has a market capitalization of $3.46 billion, a P/E ratio of 4.95 and a beta of 0.68. The firm has a 50 day simple moving average of $136.67 and a two-hundred day simple moving average of $137.98.

Hedge Funds Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

Several hedge funds have recently modified their holdings of XOP. Strategic Investment Solutions Inc. IL purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter worth about $29,000. Anchor Investment Management LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the third quarter worth about $33,000. Rothschild Investment LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at about $37,000. Creative Financial Designs Inc. ADV grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 500.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 250 shares during the period. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth approximately $80,000.

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.