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 May 2, 2024, XOP stock price climbed to $149.06 with 3,580,336 million shares trading.

XOP has a beta of 0.59, meaning it tends to be less sensitive to market movements. XOP has a correlation of 0.10 to the broad based SPY ETF.

XOP has a market cap of $3.70 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 outperformed the market in the last year with a return of +26.6%, while the SPY ETF gained +24.6%. In the last 3 month period, XOP beat the market returning +14.6%, while SPY returned +2.5%. However, in the most recent 2 weeks XOP has underperformed the stock market by returning -1.7%, while SPY returned +1.1%.

XOP support price is $145.95 and resistance is $150.19 (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.