XOP Stock Summary and Trading Ideas (SPDR S&P Oil & Gas Exploration & Production ETF | ARCA:XOP)

The SPDR S&P Oil & Gas Exploration & Production ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index (the Index ). The S&P Oil & Gas Exploration & Production Select Industry Index (the Index ) represents the oil and gas exploration and production segment of the S&P Total Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The oil and gas exploration and production segment of the S&P TMI comprises the following sub-industries: Integrated Oil & Gas, Oil & Gas Exploration & Production, and Oil & Gas Refining & Marketing. The Index is one of twenty-one (21) of the S&P Select Industry Indices (the Select Industry Indices ), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standard ( GICS ).

SPDR S&P Oil & Gas Exploration & Production ETF trades on the ARCA stock market under the symbol XOP.

As of April 19, 2024, XOP stock price climbed to $153.23 with 3,829,386 million shares trading.

XOP has a beta of 0.57, meaning it tends to be less sensitive to market movements. XOP has a correlation of 0.08 to the broad based SPY ETF.

XOP has a market cap of $4.22 billion. This is considered a Mid Cap stock.

In the last 3 years, XOP stock traded as high as $170.62 and as low as $71.48.

XOP has underperformed the market in the last year with a price return of +19.1% while the SPY ETF gained +21.2%. However, in the short term, XOP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +20.1% vs +4.3% return in SPY. But in the last 2 weeks, XOP shares have been beat by the market, returning -3.7% compared to an SPY return of -3.5%.

XOP support price is $149.82 and resistance is $153.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XOP stock will trade within this expected range on the day.