Strong Insider Buying Reported In XOP Holdings

A look at the weighted underlying holdings of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) shows an impressive 27.2% of holdings on a weighted basis have experienced insider buying within the past six months.

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Energy XXI Ltd. ( EXXI), which makes up 1.58% 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 $26,961,749 worth of EXXI, making it the #5 largest holding. The table below details the recent insider buying activity observed at EXXI:

EXXI — last trade: $4.07 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/07/2014 Bruce W. Busmire Chief Financial Officer 25,000 $6.87 $171,750
11/18/2014 Scott A. Griffiths Director 10,000 $6.63 $66,300
12/01/2014 Bruce W. Busmire Chief Financial Officer 20,000 $3.90 $78,000
12/01/2014 Hill A. Feinberg Director 25,000 $3.30 $82,500
03/06/2015 Bruce W. Busmire Chief Financial Officer 25,000 $4.17 $104,250

And Sanchez Energy Corp. ( SN), the #42 largest holding among components of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $22,290,427 worth of SN, which represents approximately 1.31% of the ETF's total assets at last check. The recent insider buying activity observed at SN is detailed in the table below:

SN — last trade: $14.20 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
12/15/2014 Alan G. Jackson Director 10,000 $6.88 $68,830
12/12/2014 Gilbert A. Garcia Director 4,000 $7.21 $28,856
12/15/2014 Alan G. Jackson Director 10,000 $6.88 $68,830
12/12/2014 Gilbert A. Garcia Director 4,000 $7.21 $28,856
12/12/2014 Sean M. Maher Director 5,000 $7.17 $35,850

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