SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Stock Passes Below Fifty Day Moving Average – Should You Sell?

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $137.29 and traded as low as $126.02. SPDR S&P Oil & Gas Exploration & Production ETF shares last traded at $128.33, with a volume of 1,422,643 shares changing hands.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 0.3 %

The company has a 50 day moving average of $137.19 and a 200 day moving average of $138.64. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 4.95 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 13.1% during the second quarter. Sunbelt Securities Inc. now owns 1,323 shares of the company’s stock worth $192,000 after buying an additional 153 shares during the period. Game Plan Financial Advisors LLC purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $29,000. Creative Financial Designs Inc. ADV raised its position in SPDR S&P Oil & Gas Exploration & Production ETF by 500.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 250 shares during the period. Finally, 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.

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.