As an equal-weight ETF, XOP allocates no more than 1.68% of its weight to any of its 77 holdings. Still, bullish technical action in Sanchez Energy (NYSE: SN), Pioneer Natural Resources (NYSE: PXD) and Apache (NYSE: APA), which was highlighted by Barron’s, is notable. Those stocks combined for over 4% of XOP’s weight.
Investors have pulled $105.6 million from XOP since the start of March, but the ETF has jumped nearly 6% over that period. [Returning to Energy ETFs]
SPDR S&P Oil & Gas Exploration & Production ETF
ETF Trends editorial team contributed to this post.