Should You Invest in the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
0mins
Source: NASDAQ.COM
- SPDR S&P Oil & Gas Exploration & Production ETF (XOP): Launched in 2006, XOP is a passively managed ETF providing broad exposure to the Energy - Exploration sector.
- Benefits of Passively Managed ETFs: Investors prefer these for low costs, transparency, flexibility, and tax efficiency, especially for long-term investments.
- Index Details: Sponsored by State Street Global Advisors, XOP aims to match the performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
- Costs and Performance: XOP has an expense ratio of 0.35%, a dividend yield of 2.30%, and has gained 7.16% this year with a beta of 1.70.
- Alternatives and Bottom Line: Other ETF options include Invesco Energy Exploration & Production ETF (PXE) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO), making XOP a strong choice for Energy ETF exposure.
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Analyst Views on APA
Wall Street analysts forecast APA stock price to fall
19 Analyst Rating
4 Buy
10 Hold
5 Sell
Hold
Current: 26.920
Low
21.00
Averages
26.17
High
40.00
Current: 26.920
Low
21.00
Averages
26.17
High
40.00
About APA
APA Corporation is an independent energy company. The Company owns subsidiaries that explore for and produce oil and natural gas in the United States, Egypt, and the United Kingdom, and that explore for oil and natural gas offshore Suriname. The Company’s upstream business has oil and gas operations in three geographic areas: the United States, Egypt and offshore the United Kingdom in the North Sea (North Sea). It also has active exploration and appraisal operations ongoing in Suriname, as well as interests in Uruguay and other international locations. It maintains a diversified asset portfolio, including conventional and unconventional, onshore and offshore, oil and natural gas exploration and production interests. In the United States, operations are primarily focused on the Permian Basin of West Texas. The Company has conventional onshore assets in Egypt’s Western Desert, and offshore assets on the United Kingdom’s Continental Shelf.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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