SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Share Price Passes Below 50-Day Moving Average – Time to Sell?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $132.90 and traded as low as $129.52. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $131.71, with a volume of 2,968,259 shares changing hands.

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

The business’s fifty day moving average price is $132.90 and its 200-day moving average price is $135.30. The stock has a market capitalization of $2.10 billion, a PE ratio of 11.69 and a beta of 1.69.

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

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

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

Large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 24.0% in the third quarter. Toronto Dominion Bank now owns 366,925 shares of the company’s stock valued at $48,258,000 after purchasing an additional 71,116 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter valued at $33,000. JPMorgan Chase & Co. raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 17.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 719,268 shares of the company’s stock valued at $94,598,000 after buying an additional 105,387 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 14.2% during the 4th quarter. ORG Partners LLC now owns 8,772 shares of the company’s stock worth $1,165,000 after acquiring an additional 1,092 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in SPDR S&P Oil & Gas Exploration & Production ETF by 42.1% in the fourth quarter. AdvisorNet Financial Inc now owns 1,855 shares of the company’s stock worth $246,000 after acquiring an additional 550 shares in the last quarter.

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.