ExxonMobil VP sells more than $288,000 worth of stock By Investing.com

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

The transaction occurred on April 29, 2024, as described in a Form 4 filed with the SEC. After the sale, Talley's direct holdings of ExxonMobil common stock decreased, but he still maintained a substantial stake in the company through various forms of ownership.

Tully's remaining direct ownership in ExxonMobil totals 186,500.3012 shares, according to the filing. In addition, he holds an indirect interest in 6,231.8349 shares through a savings plan, 100 shares held by dependent children, and 25,363 shares held through a revocable trust jointly held with his spouse, as stated in a footnote in the SEC filing shown.

The deal reflects a common practice among senior executives to diversify their investment portfolios or achieve personal financial goals. Investors often monitor such insider transactions for a sense of executive sentiment and company performance, although these sales and purchases can be driven by a variety of factors.

ExxonMobil (ticker: XOM) is one of the world's largest publicly traded oil and gas companies, with extensive operations in the energy and transportation sectors. The company's stock performance and management decisions are closely watched by energy industry investors and analysts.

Investment Professional Insights

Exxon Mobil Corporation (NYSE: XOM ) showcased strong financials, with several noteworthy metrics and analyst revisions likely to be of interest to investors. With a market capitalization of $469.18 billion and a price-to-earnings ratio of 14.65, adjusted to 13.48 for the trailing twelve months to Q1 2024, the company's valuation is a key point to consider. The P/E ratio gives an idea of ​​what the market is willing to pay for a stock today, based on past or future earnings.

3rd party advertising. Not an offer or recommendation by Investing.com.See disclosures here or
Remove ads

A standout note from InvestingPro is the company's 41-year track record of consecutive dividend increases, reflecting a commitment to returning value to shareholders. As of early 2024, the dividend yield was 3.18%, highlighted by the trailing 12-month dividend growth rate of 4.4% through Q1 2024. May be reassuring for investors looking for a stable source of income.

Another noteworthy InvestingPro tip is that analysts have recently upgraded their profit estimates for the coming period, which may indicate a positive outlook for the company's performance. This optimism is further reinforced by the company's strong returns over the past three months, with a total price return of 17.45%.

For investors interested in additional insights and techniques, ExxonMobil also offers 10 InvestingPro Tips, accessible at https://www.investing.com/pro/XOM.To enhance your experience, please use the coupon code PRONEWS24 There's an additional 10% discount on annual or biennial Pro and Pro+ subscriptions.

This article was generated with the support of artificial intelligence and reviewed by an editor. For more information, please see our terms and conditions.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *