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Exxon Mobil Corp (NYSE:XOM), the $493.4 billion energy giant trading at a P/E ratio of 14.45, saw its Vice President of Corporate Strategic Planning, Darrin L. Talley, sell 2,100 shares of the company’s common stock. The transaction, which took place on March 17, 2025, was executed at $113 per share, amounting to a total sale value of $237,300. According to InvestingPro analysis, XOM currently appears undervalued based on its Fair Value estimate.
Following this sale, Talley retains ownership of 15,987 shares directly through a revocable trust, as well as additional shares held indirectly through various accounts and trusts. The remaining shares under Talley’s direct ownership include 227,700.3012 shares, while indirect holdings include shares owned by a dependent child, a brokerage account, a family trust, and a savings plan. The stock currently offers a 3.48% dividend yield and has maintained dividend payments for 42 consecutive years.
This transaction is part of regular reporting and does not necessarily reflect any strategic shift or change in Talley’s long-term view of Exxon Mobil. InvestingPro data shows the company maintains strong financial health with low price volatility, making it an attractive option for value investors. Get access to 8 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, ExxonMobil’s fourth-quarter 2024 earnings exceeded expectations, with an 8% adjusted earnings per share beat, as noted by UBS. This positive result was attributed to strategic shifts toward advantaged assets in the Upstream Segment. UBS maintained a Buy rating for ExxonMobil, although it slightly lowered its price target to $146. Meanwhile, Mizuho (NYSE:MFG) Securities adjusted its price target for ExxonMobil to $131, citing a weaker outlook for the company’s Chemicals segment but maintained a Neutral rating. The firm highlighted that ExxonMobil’s upcoming projects are expected to contribute significantly to earnings by 2026. Truist Securities kept a Hold rating on ExxonMobil, with a price target of $119, acknowledging potential growth in the Permian Basin and Guyana. However, Truist expressed concerns over weak refining margins and the long-term nature of low carbon initiatives. In other developments, U.S. oil producers, including ExxonMobil, are set to meet with President Trump to discuss tariffs and trade issues, organized by the American Petroleum Institute. These discussions are expected to focus on the oil and natural gas industry’s role in economic growth and national security.
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