Exxon Mobil (XOM) sees Significant Insider Sales Extending the Trend of Last Quarter

Wednesday, December 06, 2017 10:15 PM ET

Exxon Mobil (XOM) sees Significant Insider Sales Extending the Trend of Last Quarter

There was a notable level of net share sales at Exxon Mobil today, as disclosed in filings with the SEC. Four insiders — Rosenthal, Spellings, Milton, and Wojnar — disposed of 35,269 shares in the company having a market value of approximately $2,940,238. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 22,656 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 57,925 shares and have averaged 11,585 shares per transaction over this time period.

The number of insider buy/sell trades at Exxon Mobil is above that of the 36 peer company average over the last 90-day period. The Oil & Gas Refining and Marketing peer group saw 24 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by Exxon Mobil insiders is lower than its peers. Within the peer group there were 95,883 shares purchased and 2,527,081 shares sold with company insiders selling 101,300 shares on average over this time period.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.

Today’s Insider Activity
* David S Rosenthal, Officer, sold 7,501 shares
* James M Spellings Jr, Officer, sold 9,379 shares
* Bryan W Milton, Officer, sold 5,312 shares
* Theodore J Wojnar Jr, Officer, sold 13,077 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

This entry was posted in InsiderNews and tagged , , , , . Bookmark the permalink.