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Strong Insider Buying Found in the Underlying Holdings of XOP

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A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ) shows an impressive 24.9% of holdings on a weighted basis have experienced insider buying within the past six months.

Marathon Petroleum Corp. (Symbol: MPC), which makes up 1.75% of the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $24,319,353 worth of MPC, making it the #21 largest holding. The table below details the recent insider buying activity observed at MPC:

MPC - last trade: $46.33 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/20/2015 Timothy T. Griffith Sr. Vice President and CFO 1,000 $54.11 $54,110
08/20/2015 James E. Rohr Director 2,400 $53.40 $128,160
09/03/2015 John J. Quaid Vice President and Controller 400 $47.15 $18,858

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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