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 an index derived from the oil and gas exploration and production segment of a U.S. total market composite index. In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index ("S&P TMI").
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The average price target for XOP is $176.40. This is based on 53 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $216.66 ,the lowest forecast is $141.28.
The ETF features a trailing 12-month dividend yield of 2.26% - about 0.8 percentage points above that of the S&P 500. With a moderate 0.35% annual expense ratio, XOP is often used by investors as a tactical play on outperformance among E&P energy names.
XOP has a dividend yield of 2.25% and paid $3.40 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Mar 18, 2024.
XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 15, 1998. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry.
SPDR exchange traded funds are issued by State Street Global Advisors and are designed to track indexes or benchmarks. SPDR 500 Trust, sometimes called spiders, holds the same stocks as the S&P 500 Index. ETFs differ from mutual funds in that shares are traded on the exchanges like shares of stock.
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