XOP - SPDR S&P Oil & Gas Exploration & Production ETF
24.19 +0.02 (0.06%)
After hours: 7:52PM EDT
| Previous Close | 24.57 |
| Open | 24.16 |
| Bid | 24.17 x 36900 |
| Ask | 24.19 x 1100 |
| Day's Range | 23.98 - 24.44 |
| 52 Week Range | 20.45 - 44.81 |
| Volume | 28,123,334 |
| Avg. Volume | 28,322,534 |
| Net Assets | 1.73B |
| NAV | 24.54 |
| PE Ratio (TTM) | N/A |
| Yield | 1.36% |
| YTD Return | -6.97% |
| Beta (3Y Monthly) | 1.67 |
| Expense Ratio (net) | 0.35% |
| Inception Date | 2006-06-19 |
- ETF Database
Sell on the Pop Prospects: September 18 Edition
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term 'sell on the pop' opportunity given the longer-term downtrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
- MarketWatch
A jump in oil prices is creating trading opportunities in these investments
An attack on Saudi Arabian oil fields has removed about 5% of global oil supplies. As a result, oil prices have jumped. It sounds scary for oil and stock investors, but for the time being, the chart tells a different story.
- InvestorPlace
3 Great Ways to Invest in Energy Today
Volatility is striking the oil markets after attacks in Saudi Arabia forced the country to cut its oil output by 50%. Crude oil opened up 10% this morning -- lighting a fire under the energy sector. Today we'll look at three ways to invest in energy stocks. They should all benefit from continued uncertainty in the oil markets."An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday, knocking out 5.7 million barrels of daily crude production or 50% of the kingdom's oil output," Yun Li reported for CNBC.On the heels of the news, Brent crude futures saw their largest intra-day rise on record, lifting 19.5%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe energy sector has been one of the weakest performers this year, so higher oil prices could provide a much-needed boost to what has otherwise been a dismal showing. * 7 Tech Stocks You Should Avoid Now Let's look at three ways to invest in energy that should benefit from heightened anxiety in the Middle East. Energy ETFs to Buy: United States Oil Fund (USO)Source: ThinkorSwimSource: ThinkorSwimThe most direct route available for speculating on crude oil is via the United States Oil Fund (NYSEARCA:USO). Because it owns oil futures, USO does a great job of tracking short-term movements in the energy markets. Up 13.6% since this morning, USO is back to the $13 range for the first time since November 2018.Implied volatility is also spiking at the open to 49%, or the 60th percentile of its one-year range. The juicy premiums and USO's low price tag make naked puts a compelling trade here.If you think the risk remains to the upside for oil, then sell the Oct $12 puts for 40 cents. Consider it a bet that USO stays above $12. If it does, you'll capture the 40 cent premium. SPDR S&P Oil & Gas Exploration & Production ETF (XOP)Source: ThinkorSwimSource: ThinkorSwimIf you're not trading oil directly, then you're looking for derivative plays. And that brings us to energy stocks. Rather than picking individual companies, you could play the entire space via a diversified exchange-traded fund like the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP). XOP holds a variety of energy companies involved in exploration and production. Like USO, its cheaper price tag makes XOP an excellent target for options selling.This morning, XOP is jumping 11.3% to a two-month high. While much work remains before the longer-term downtrend reverses, I do like how the fund now sits above the 50-day and 20-day moving averages. * 10 Stocks to Sell in Market-Cursed September Implied volatility is booming this morning, reflecting a sharp increase in the premiums available for options sellers. If you're willing to bet oil uncertainty keeps XOP aloft, then sell the Oct $23 puts for 50 cents. Energy Stocks to Buy: Exxon Mobil (XOM)The final route available to profit from the oil spike is to pick an individual energy stock. Exxon Mobil (NYSE:XOM) is the biggest in the space and offers a lower volatility avenue for speculation. Just look at today's movement for proof. While USO is up 13.6% and XOP is up 11.3%, XOM stock is only rising 2.2%.Exxon offers a lower beta path for traders. This morning's jump carried XOM directly into overhead resistance at the 200-day moving average. And thus far, the ceiling is holding firm. The stock is dropping slightly as I type and now below it's day high of $75.18.While some backing and filling may be needed to digest this morning's move, the downside should be limited as long as uncertainty keeps oil prices higher.If you think XOM stock still sits above $72.50 in a month, then sell the Oct $72.50/$67.50 bull put spread for 80 cents.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 3 Great Ways to Invest in Energy Today appeared first on InvestorPlace.
- Investopedia
Weak Hands Could Limit Energy Upside After Drone Attack
A crude oil shock has sent energy futures and funds higher, but a large supply of dumb money could limit gains.
- Zacks
Saudi Oil Attack: Sector ETF Winners and Losers
Saudi Arabia's largest oil fields suffered drone attacks, causing massive oil supply disruption. These should boost/hurt these sector ETFs.
- MarketWatch
Biden, Warren to share a 2020 debate stage for the first time tonight
Top-tier candidates Joe Biden and Elizabeth Warren are set to share a 2020 debate stage for the first time, leading pundits to brace for them to clash on Thursday night in Houston.
- Zacks
Guide to 25 Most-Liquid ETFs
We highlight some ETFs that are being traded in ample volumes lately.
- Zacks
ETFs to Win as Saudi's New Minister May Seek Same Oil Policy
Saudi brought in a royal family member in the energy sector's top position, probably to boost oil prices and facilitate Aramco's IPO. These ETFs can benefit if things go as planned.
- Zacks
Should You Invest in the iShares U.S. Oil & Gas Exploration & Production ETF (IEO)?
Sector ETF report for IEO
- Benzinga
10 ETFs That Could Be Primed For A Short Squeeze
Traders are always on the lookout for the next short squeeze candidate. Short squeezes can send share prices skyrocketing in a matter of minutes and hours, and traders who are along for the ride can make ...
- GuruFocus.com
David Tepper Invests in 2 Managed Care Companies in 2nd Quarter
Guru also buys satellite telecom company Continue reading...
- Investopedia
Last Week Saw Big Selling in Stocks, Especially Energy
Navigating the markets can be like a high-wire walk – it's important to stay focused and not to get sidetracked.
- InvestorPlace
GE’s Progress Doesn’t Mean General Electric Stock Is a Buy
Analysts typically rate stocks "buy," "hold" or "sell," or some derivatives of those adjectives. "Progress," however, is not an analyst rating. If it was, General Electric (NYSE:GE) would be a screaming "progress."Source: Shutterstock Last week, the company reported second-quarter earnings per share, excluding some items, of 17 cents on revenue of $28.83 billion, beating analysts' average estimates of 12 cents on sales of $28.68 billion. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What The company also boosted its full-year EPS guidance to 55 cents to 65 cents, up from its previous guidance of 50 cents to 60 cents. General Electric stock promptly rewarded investors with a six-day skid.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGE stock price is up about 50% from its 52-week low, and earlier this year, General Electric stock was more than 80% below its all-time high. Those stats indicate investors can either say that the easy money has already been made or believe that there's more easy money to come in General Electric stock.Sell-side analysts are sharply divided on the outlook of General Electric stock."Half of the analysts covering the company rate shares a Buy, with an average price target of more than $15 a share, according to FactSet. Analysts with a Sell rating have an average target price closer to $5 a share," according to Barron's. Oil WoesWhile General Electric is a smaller company today in terms of number of operating units than it was 10 or 20 years ago, it's still a sprawling company with many businesses that can help or hinder the performance of GE stock price. With oil prices tumbling, General Electric stock is vulnerable because of the company's exposure to the oil-services sector.Oil prices trended higher earlier this year, providing a tailwind for General Electric stock. But the primary customers of GE's oil & gas unit are oil services providers and exploration and production firms At the moment, those are not healthy industries.In 2019, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) and the VanEck Vectors Oil Services ETF (NYSEARCA:OIH) are lower by 17.60% and 13.47%, respectively. Additionally, the expected growth of global electric-vehicle demand is a major headwind for the oil patch and its vendors, like GE.By some estimates, oil needs to fall to $20 per barrel to be competitive with electric vehicles. If oil falls to $20 per barrel, some of GE's oil and gas customers will probably go out of business.Of course, not all of GE's issues are oil and gas-related. The company's Power unit took a $22 billion write-down, leaving it with no goodwill."GE Capital, furthermore, remains an overhang on the stock, particularly related to its insurance liabilities, as well as required additional capital contributions from industrial GE," said Morningstar in a recent note. "We estimate these contributions amount to a run-rate of just over $1.3 billion from 2020 to 2023, after an additional $2.5 billion contribution in the latter half of 2019." There's A Bull Case on General Electric Stock, TooIt's not all gloom and doom for General Electric stock. The company's Aviation business, likely its best-performing unit, remains sturdy. And even after GE agreed to sell its biopharma unit, the owners of General Electric stock should be excited about GE's healthcare business."Our experts inform us that GE and Siemens are (usually) the only two vendors actively considered by large hospital networks," according to Morningstar. "As such, we assume GE can relatively maintain share on the strength of new product introductions and its installed base," it stated.GE's earnings quality is improving, but in order for GE stock to justify the current consensus price target of around $11, the company probably needs to report EPS north of 60 cents for 2019. That's above the low end of its guidance.As of this writing, Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post GE's Progress Doesn't Mean General Electric Stock Is a Buy appeared first on InvestorPlace.
- Simply Wall St.
Have Insiders Been Buying Canadian Overseas Petroleum Limited (CNSX:XOP) Shares This Year?
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
- Zacks
Should You Invest in the iShares U.S. Oil & Gas Exploration & Production ETF (IEO)?
Sector ETF report for IEO
- Zacks
Energy ETFs Crash on Rate Cut and New China Tariff
Oil price saw a tumultuous ride on dual attack by the Fed and Trump. Both crude and Brent saw their worst daily performance in more than four years, plunging more than 8% each.
- GuruFocus.com
Ken Fisher Buys 4 ETFs in the 2nd Quarter
Prolific investor also buys one stock Continue reading...
- Market Realist
Oil Impacts Energy ETFs and the Equity Market
On July 11–18, major energy ETFs had the following correlations with US crude oil active futures: the Energy Select Sector SPDR ETF (XLE): 42% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 32.3% the Alerian MLP ETF (AMLP): 23.1% the VanEck Vectors Oil Services ETF (OIH): 12.3% Notably, US crude oil active […]
- Schaeffer's Investment Research
Options Trader Lowers the Bar for Crumbling Oil ETF
One speculator may be rolling down their September puts
- Market Realist
How Has Oil Influenced Energy ETFs in the Last Week?
US crude oil active futures rose 5% in the trailing week, which might have been behind the upsides in energy sector ETFs.
- InvestorPlace
3 Energy Stocks to Trade Now With Confidence
There was a time where crude oil prices (and energy stocks in general) were the hot topic like bitcoin and Beyond Meat (NASDAQ:BYND) are now. But crude oil now sits 60% below its 2008 highs, so it is far from its glory days. Furthermore, there is a chance that it will never get back to those levels.But this doesn't mean that we cannot trade energy stocks. There are always opportunities, especially in the oil stocks like Chevron (NYSE:CVX) and Exxon Mobile (NYSE:XOM). But before we delve into those particulars, we need to evaluate the commodity itself first.If you listened to the oil and energy experts, you probably got misled several times on the direction of oil prices. The popular opinion is often wrong. Big-name trading houses make high-profile calls about big moves in oil but they often peter out.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis happened in the last two months. When oil was rallying, consensus became that crude was headed back up to $75 per barrel and higher. I shorted oil in April on that headline and won. Then again, after it fell, the meme flipped bearish and the experts called for crude to fall to $45 or lower. So I went long on that warning and again won.The point of this is not to gloat, but to say that logic works better than any expert opinion when dealing with oil. So ignore their opinions and trade your own thesis.To that, there are certain things that are fact. If oil is too cheap, then OPEC loses money and they prop prices up. Conversely, if it gets too expensive then they lose market share so they manipulate prices lower.Their current good balance zone is below $60, but above $52 per barrel, where crude oil is under current conditions. This level here has been pivotal since 2015. So I don't chase prices when they stray too far from it in either direction.I know these arguments draw chuckles at in a room full of oil experts, but they haven't failed me yet. So I will share my opinion on the stocks that depend heavily on the price of oil.Exxon and Chevron are the two largest oil companies and so these stocks make good vehicles for trading energy prices. They have been the class of the field for decades and this is not going to change anytime soon. They have the know-how and the budget to remain the leaders and the best proxies oil. * 10 Best Stocks to Buy and Hold Forever XOM and CVX are not always a buy, so you won't see a pump job here today. Rather, you'll see a realistic evaluation based on a blend of technical and fundamental observations. The methods of chasing the breakouts or breakdown vary based on personal preference. For example, I prefer using options, especially with relatively slower moving stocks like these. I like to sell puts or spreads to take bullish directional bets and sell call spreads for bearish ones. Exxon Mobile (XOM)Source: Mike Mozart via Flickr (Modified)In the post 2007 financial debacle era, Exxon stock has had a solid floor around $70 per share. This is not a coincidence because it's the pivot zone for the last 12 years. Fundamentally, XOM stock is reasonably priced at a price-to-earnings ratio of 15 and 1.1X sales. So if oil prices are stable there is no obvious reason to short the stock. So as long as the equity markets are rising, then it owning XOM is relatively safe.From an investment perspective XOM pays a hefty 4.5% dividend. This is huge since the central banks are stingy, so a guaranteed dividend is a good alternative and a viable, trade-able thesis.But from a trading perspective, this is not the greatest strategy because of the shorter time frame. So for the purpose of finding tactical ways to trade XOM, traders need to find more surgical entry points on the charts.Technically, it's not ideal to keep testing support on a chart. XOM has been doing this for years and since the May 2014 high it has done so from lower highs. But this gives traders a reasonably predictable pattern to time.The range in XOM is tightening and a move is coming. There are trigger lines just above and below current prices. So not to guess the direction and risk losing money, I'd wait for the breach of either sides to chase in that direction.For a bullish trade, I chase the breakout above Monday's highs; $78 per share has been pivotal since April and it marks the start of a potentially bullish pattern. The buyers will chase the breakout for a momentum trade to target $81.50 per share and fill the open gap there. If that happens, there will be resistance between $79 and $80 per share.For the bearish bet, I would short XOM if the bulls fail to hold $75.50 per share. This should be support and losing it would denote unusual weakness that could offer a chance to press but with tight stops. Why? because XOM is too close to its decade long support zone.However, there is a small risk of a big correction scenario to $55 per share if that support fails. This is not my forecast and for that to happen the current macro economic conditions will have to drastically change. Chevron (CVX)Source: swong95765 via Flickr (Modified)Unlike XOM, Chevron stock is close to its highs. So fundamentally it carries a little richer valuation on Wall Street but only from the price times sales perspective. CVX also pays a slightly lower dividend yield, but still a respectable 4%.There isn't a clear entry point for an investment in CVX stock yet given that it's close to its highs while energy prices are volatile. I'd like to get it closer to $115 per share before considering it from the long side. This is especially true for the traders but it also makes for a better starting point, even for those looking for an investment.The fundamentals on CVX stock are stable, just like XOM, but there is no urgent need to start long now and suffer loss of capital soon after opening the position. This is where the investors would do good to wear their traders' hats and wait for a clear breakout before starting a long position.CVX has been setting slightly lower highs since January of 2018. The current range between that high and the December lows has tightened into a point. So a move is likely coming, but we don't yet know its direction.So traders should wait for the clues from the chart. This is where fundamentals need the help of technicals. They provide unbiased opinions to help with the allocation of risk based on actual developments, not conjecture.If CVX stock closes above $126.20, then it would invite momentum buyers at $127.40 per share. They like to chase trend line breakouts. The idea is to buy high and sell higher. Should that happen, there will be resistance around $132 per share. While this would be a good opportunity for the traders among us, investors who intend on holding the shares a long time can also use the breakout to enjoy a good start to the position. * 10 Small-Cap Stocks That Look Like Bargains Conversely, if Chevron stock falls below $123, it could target $120.50 where it's likely to find footing. Even if that happens, it wouldn't change the fundamental setup for the stock. This would merely be the 50% retracement of the recent rally from $114 in May. SPDR S&P Oil & Gas Exploration & Production ETF (XOP)Source: Shutterstock Unlike CVX or XOM, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) is not a company stock, but rather an exchange-traded fund that mimics owning the major exploration companies like Anadarko Petroleum (NYSE:APC), Diamondback Energy (NASDAQ:FANG) and Pioneer Natural Resources (NYSE:PXD).The prices for these stocks are definitely sensitive to the movement of the commodities they explore, so the XOP tracks the energy prices pretty tightly.The intrinsic value of the XOP's components don't hold up as well as XOM or CVX when oil prices fall. Case in point, the price of XOP is at least 60% off its all-time highs. And the trend is not stable either, as it has been in a descending channel of lower highs and lower lows for about five years.I usually don't like to buy down-trending tickers like this and hope for a turnaround. It is better to wait for the bottom to form. And since they don't ring bells at the bottom, we look for the right collection of signs.First, XOP has to form a trough, so it needs to stop making lower lows. It is also important for it to start making higher lows. At this point, it is OK for it to continue to set lower highs as long as the range is tightening.To this, we can argue that this is happening now since the December low. But so we don't chase a fake-out breakout, I'd wait for a close above $29 per share first and then above $31.8 per share before I chase. There will be strong resistance near $30.50, as it is a point of interest for the last 10 months.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks The post 3 Energy Stocks to Trade Now With Confidence appeared first on InvestorPlace.
- Zacks
OPEC Output Cut Extended to 2020: Will These ETFs Gain?
OPEC decides to prolong oil production cuts into 2020, putting the spotlight on these ETFs.
- Market Realist
Why Energy ETFs Can’t Hold Oil Gains
US crude oil active futures rose 4.1% in the trailing week, which might have supported or limited the downside in OIH, XOP, XLE, and AMLP.
- Market Realist
Rise in Oil Pushed Energy ETFs Higher
US crude oil active futures have risen 8.6% in the trailing week, which might have boosted or limited the downside in OIH, XOP, XLE, and AMLP. They have returned 5.8%, 5%, 3.7%, and -0.7%, respectively.
