SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Reaches New 12-Month Low – What’s Next?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) hit a new 52-week low on Friday . The stock traded as low as $105.02 and last traded at $108.45, with a volume of 3687061 shares traded. The stock had previously closed at $119.46.

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

The stock has a market cap of $1.87 billion, a PE ratio of 12.11 and a beta of 1.34. The firm has a 50 day moving average of $131.35 and a two-hundred day moving average of $135.06.

SPDR S&P Oil & Gas Exploration & Production ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a $0.7607 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Anchor Investment Management LLC purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth about $33,000. Providence First Trust Co purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at about $48,000. Brown Brothers Harriman & Co. acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter valued at about $141,000. Summit Financial LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter worth approximately $205,000. Finally, AdvisorNet Financial Inc increased its position in SPDR S&P Oil & Gas Exploration & Production ETF by 42.1% during the fourth quarter. AdvisorNet Financial Inc now owns 1,855 shares of the company’s stock worth $246,000 after buying an additional 550 shares during the period.

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.