SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Share Price Crosses Below 50 Day Moving Average – Here’s Why

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $134.39 and traded as low as $130.88. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $131.36, with a volume of 5,114,633 shares trading hands.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 1.4 %

The firm has a market capitalization of $2.10 billion, a P/E ratio of 11.69 and a beta of 1.69. The company’s 50 day moving average is $134.39 and its 200-day moving average is $135.12.

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

A number of hedge funds have recently added to or reduced their stakes in XOP. Anchor Investment Management LLC bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth about $33,000. Providence First Trust Co bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter worth approximately $48,000. FSA Wealth Management LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth approximately $92,000. Brown Brothers Harriman & Co. purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter worth approximately $141,000. Finally, Summit Financial LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at approximately $205,000.

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.