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Exxon Mobil vice president sells over $288k in stock

Published 2024-04-30, 12:00 p/m
© Reuters.

In a recent transaction, Darrin L. Talley, Vice President of Exxon Mobil Corp (NYSE:XOM), sold 2,426 shares of the company's common stock. The sale was executed at an average price of $119.0147 per share, resulting in a total value of approximately $288,729.

The transaction took place on April 29, 2024, as reported in a Form 4 filing with the Securities and Exchange Commission. Following the sale, Talley's direct holdings in Exxon Mobil common stock decreased, but he still maintains a significant stake in the company through various forms of ownership.

According to the filing, Talley's remaining direct ownership in Exxon Mobil totals 186,500.3012 shares. Additionally, he holds an indirect interest in 6,231.8349 shares through a savings plan, 100 shares by a dependent child, and 25,363 shares by a revocable trust, which is jointly held with his spouse as indicated in a footnote of the SEC filing.

The transaction reflects a common practice among executives to diversify their investment portfolios or to meet personal financial objectives. Investors often monitor such insider transactions for insights into executive confidence and company performance, although these sales and purchases can be motivated by a variety of factors.

Exxon Mobil, under the ticker symbol XOM, is one of the largest publicly traded oil and gas companies in the world, with a broad presence in the energy and transportation sectors. The company's stock performance and management decisions are closely watched by investors and analysts in the energy industry.

InvestingPro Insights

Exxon Mobil Corp (NYSE:XOM) has demonstrated a strong financial position with several notable metrics and analyst revisions that may interest investors. With a market capitalization of $469.18 billion and a price-to-earnings (P/E) ratio of 14.65, which adjusts to 13.48 for the last twelve months as of Q1 2024, the company's valuation is a key point of consideration. The P/E ratio provides insight into what the market is willing to pay today for a stock based on its past or future earnings.

An InvestingPro Tip that stands out is the company's track record of raising its dividend for 41 consecutive years, reflecting a commitment to returning value to shareholders. This is underscored by the dividend yield of 3.18% as of the start of 2024, with a dividend growth of 4.4% over the last twelve months as of Q1 2024. Additionally, Exxon Mobil has maintained dividend payments for 54 consecutive years, which may reassure investors looking for stable income streams.

Another noteworthy InvestingPro Tip is that analysts have recently revised their earnings expectations upwards for the upcoming period, which could suggest a positive outlook on the company's performance. This optimism is reinforced by the company's strong return over the last three months, with a price total return of 17.45%.

For investors interested in further insights and tips, there are additional 10 InvestingPro Tips available for Exxon Mobil, which can be accessed through https://www.investing.com/pro/XOM. To enhance your experience, use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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