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State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

Equity Energy | Exchange Traded Fund | NYSEArca
185.94 USD +0.47 (0.253%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 186.01 +0.07 (0.038%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT)

Short-term:★★★★☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take | Aug. 22, 2026, 2:31 a.m. EDT

The immediate outlook is aggressively bullish, driven by a confluence of technical recovery and speculative positioning. After a multi-year struggle where the asset failed to keep pace with peers, the price has finally reclaimed key moving averages, triggering a surge in call buying that targets the $200+ zone. The options market is screaming for a breakout, with traders placing heavy bets on continued gains while hedging against a drop only to the $150-160 range. However, this optimism clashes with the underlying reality: the business has delivered two straight years of negative growth, and the nine-year trajectory remains down nearly 13%. While the valuation looks cheap relative to book value, the lack of recent earnings momentum suggests this rally is priced on a potential commodity supercycle rather than proven operational excellence. For the short term, the momentum is undeniable, but investors should remain wary that the long-term fundamentals have yet to turn the corner.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.102837
MSTL0.106516
AutoETS0.108373
AutoARIMA0.108375

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 43%
H-stat 14.03
Ljung-Box p 0.000
Jarque-Bera p 0.293
Excess Kurtosis -1.09
Attribute Value
Trailing P/E 12.50
Forward P/E -18594.00

As of Aug. 22, 2026, 2:31 a.m. EDT: Speculators are positioning for a significant upside breakout, evidenced by massive volume spikes and open interest accumulation in deep out-of-the-money calls (strikes 205, 220, 240) across September expirations. Conversely, put writing is heavy at strikes 150-170, creating a defined floor, while call writers are establishing walls at 180-185. The skew suggests a 'long gamma' environment where traders expect volatility expansion and a directional move higher, rather than a crash.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.48% 2.29% 2.35% 2.40%
Dividend History
Date Dividend Yield %
2026-06-22 0.748 0.482892
2026-03-23 0.709 0.405444
2025-12-22 0.910 0.726547
2025-09-22 0.881 0.676703
2025-06-23 0.752 0.583127
2025-03-24 0.761 0.574340
2024-12-23 0.808 0.637174
2024-09-23 0.896 0.663016
2024-06-24 0.777 0.529364
2024-03-18 0.760 0.514348
2023-12-18 1.036 0.754168
2023-09-18 0.772 0.516561
2023-06-20 0.832 0.671889
2023-03-20 0.954 0.798861
2022-12-19 0.950 0.719479
2022-09-19 1.155 0.849140
2022-06-21 0.767 0.572260
2022-03-21 0.481 0.373071
2021-12-20 0.488 0.536559
2021-09-20 0.345 0.408768
2021-06-21 0.348 0.364895
2021-03-22 0.361 0.439013
2020-12-21 0.301 0.516384
2020-09-21 0.378 0.834069
2020-06-22 0.311 0.562082
2020-03-23 0.380 1.259947
2019-12-20 0.400 0.430663
2019-09-20 0.332 0.348886
2019-06-21 0.368 0.344440
2019-03-15 0.292 0.245213
2018-12-21 0.264 0.260355
2018-09-21 0.244 0.143563
2018-06-15 0.284 0.175656
2018-03-16 0.260 0.188844
2017-12-15 0.260 0.190728
2017-09-15 0.284 0.223060
2017-06-16 0.296 0.233807
2017-03-17 0.296 0.203074
2016-12-16 0.300 0.178529
2016-09-16 0.324 0.224190
2016-06-17 0.292 0.208452
2016-03-18 0.344 0.278317
2015-12-18 0.572 0.494126
2015-09-18 0.732 0.520922
2015-06-19 0.740 0.385176
2015-03-20 0.624 0.323719
2014-12-19 0.832 0.416000
2014-09-19 0.668 0.230982
2014-06-20 0.648 0.194478
2014-03-21 0.544 0.193100
2013-12-20 0.336 0.124022
2013-09-20 0.476 0.181818
2013-06-21 0.792 0.340557
2013-03-15 0.692 0.279212
2012-12-21 1.284 0.582895
2012-09-21 0.452 0.197829
2012-06-15 0.428 0.222407
2012-03-16 0.456 0.187995
2011-12-16 0.620 0.309443
2011-09-16 0.292 0.137736
2011-06-17 0.148 0.067383
2011-03-18 1.296 0.541082
2010-12-17 0.292 0.144240
2010-09-17 0.172 0.106120
2010-06-18 0.220 0.125028
2010-03-19 0.108 0.064485
2009-12-18 0.300 0.184820
2009-09-18 0.300 0.192308
2009-06-19 0.292 0.223037
2009-03-20 0.236 0.213846
2008-12-19 0.332 0.287396
2008-09-19 0.252 0.121107
2008-06-20 0.216 0.078477
2008-03-20 0.120 0.059761
2007-12-21 0.132 0.063158
2007-09-21 0.084 0.043970
2007-06-15 0.128 0.065830
2007-03-16 0.092 0.060447
2006-12-15 0.132 0.081321
2006-09-15 0.028 0.020006
Additional Data
trailingAnnualDividendRate 1.39
trailingAnnualDividendYield 0.0074944734
dividendYield 1.83

Info Dump

Attribute Value
All Time High 336.16
All Time Low 29.48
Ask 185.88
Ask Size 400
Average Daily Volume10 Day 2,913,280
Average Daily Volume3 Month 3,358,501
Average Volume 3,358,501
Average Volume10Days 2,913,280
Beta3 Year -0.2
Bid 185.94
Bid Size 100
Book Value 96.741
Category Equity Energy
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 187.18
Day Low 184.43
Dividend Yield 1.83
Eps Forward -0.01
Eps Trailing Twelve Months 14.876967
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 169.8366
Fifty Day Average Change 16.103409
Fifty Day Average Change Percent 0.09481707
Fifty Two Week Change Percent 38.17344
Fifty Two Week High 191.24
Fifty Two Week High Change -5.300003
Fifty Two Week High Change Percent -0.027713882
Fifty Two Week Low 122.11
Fifty Two Week Low Change 63.83
Fifty Two Week Low Change Percent 0.5227254
Fifty Two Week Range 122.11 - 191.24
Financial Currency USD
First Trade Date Milliseconds 1,150,983,000,000
Five Year Average Return 0.2017318
Forward P E -18,594.0
Full Exchange Name NYSEArca
Fullday Change 0.470001
Fullday Change Percent 0.253411
Fullday Price 186.01
Fund Family State Street Investment Management
Fund Inception Date 1,150,675,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary 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").
Long Name State Street SPDR S&P Oil & Gas Exploration & Production ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_27776185
Nav Price 185.42093
Net Assets 3,797,770,500.0
Net Expense Ratio 0.35
Open 185.46
Post Market Change 0.069992065
Post Market Change Percent 0.037642285
Post Market Price 186.01
Post Market Time 1,787,961,578
Previous Close 185.47
Price Hint 2
Price To Book 1.9220394
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.470001
Regular Market Change Percent 0.253411
Regular Market Day High 187.18
Regular Market Day Low 184.43
Regular Market Day Range 184.43 - 187.18
Regular Market Open 185.46
Regular Market Previous Close 185.47
Regular Market Price 185.94
Regular Market Time 1,787,947,200
Regular Market Volume 1,563,474
Shares Outstanding 70,500,000
Short Name State Street SPDR S&P Oil & Gas
Source Interval 15
Symbol XOP
Three Year Average Return 0.1088594
Total Assets 3,797,770,496
Tradeable 0
Trailing Annual Dividend Rate 1.39
Trailing Annual Dividend Yield 0.0074944734
Trailing P E 12.498515
Trailing Peg Ratio None
Trailing Three Month Nav Returns 0.04348
Trailing Three Month Returns 0.04348
Triggerable 1
Two Hundred Day Average 156.973
Two Hundred Day Average Change 28.966995
Two Hundred Day Average Change Percent 0.18453488
Type Disp ETF
Volume 1,563,474
Yield 0.0183
Ytd Return 41.7883