Have Insiders Sold Exxon Mobil Shares Recently? - Simply Wall St

We wouldn't blame Exxon Mobil Corporation (NYSE:XOM) shareholders if they were a little worried about the fact that Leonard Fox, the VP, Principal Accounting Officer & Controller recently netted about US$1.2m selling shares at an average price of US$103. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 4.9%.

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Exxon Mobil Insider Transactions Over The Last Year

In fact, the recent sale by Leonard Fox was the biggest sale of Exxon Mobil shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at below the current price (US$103). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 4.9% of Leonard Fox's stake.

Exxon Mobil insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

NYSE:XOM Insider Trading Volume December 20th 2023

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Exxon Mobil

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Exxon Mobil insiders own 0.1% of the company, worth about US$577m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Exxon Mobil Insider Transactions Indicate?

An insider sold Exxon Mobil shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 1 warning sign for Exxon Mobil you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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Find out whether Exxon Mobil is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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2023-12-20 19:29:04Z
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