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Exxon insider sales surge in December, nearly equaling all of 2012

  • Exxon Mobil (XOM +2.4%) has hit all-time highs this week, and some of its executives are cashing in; in December alone, XOM execs have sold almost as many shares as in all of 2012, reaping $8.3M, according to a WSJ review.
  • The biggest individual sale was by Mark Albers, a senior VP and a leading candidate to be XOM's next chief executive, who sold ~8% of his shares for ~$5M.
  • It's usually not a surprise when company brass sells shares as a stock reaches new heights, but Albers' sale raises some eyebrows; for executives in the running for the top job, the conventional wisdom is that you don't want to sell shares.
Comments (12)
  • Thinking DNA
    , contributor
    Comments (45) | Send Message
     
    Give me a break; is he not allowed to profit as well...what a bunch of garbage.
    18 Dec 2013, 03:12 PM Reply Like
  • tomlos
    , contributor
    Comments (1098) | Send Message
     
    Agreed.
    18 Dec 2013, 03:27 PM Reply Like
  • Inkydinky
    , contributor
    Comments (20) | Send Message
     
    Did this selling occur after the Goldman upgrade? What was the timing?

     

    This guy sold 8% of shares? Let's see 8% for $5.5mm means he has over $60 mm left to sell? A tidy sum.

     

    Amazing how much execs take in versus shareholders who never get the option honey but always take the hit when the execs mess up. But then, what folk are most corporations really run for these days?
    18 Dec 2013, 03:42 PM Reply Like
  • ystock15
    , contributor
    Comments (169) | Send Message
     
    XOM is gonna hit $100 by the end of today. Historic highest point
    18 Dec 2013, 03:50 PM Reply Like
  • Bob Carl
    , contributor
    Comments (192) | Send Message
     
    I believe Albers had some restricted shares vest which create taxable income so he sold some. Big deal.
    18 Dec 2013, 04:07 PM Reply Like
  • FleetUSA3226
    , contributor
    Comments (684) | Send Message
     
    Normally I would be upset with execs selling shares but in this case the company is so big it is understandable if they want to liquidate a small (8%) portion of their commitment. These sales don't move the needle and they still have plenty of future exposure + I guess restricted stock to tie them to future performance.
    18 Dec 2013, 04:50 PM Reply Like
  • chopchop0
    , contributor
    Comments (3130) | Send Message
     
    It's definitely moving into a new range. This could end up being a big mistake for those insiders if this ends up being the beginning of a big run for it.

     

    I am still kicking myself for cashing out a big chunk of my JNJ early this year in the mid 70s.
    18 Dec 2013, 04:54 PM Reply Like
  • User 17861602
    , contributor
    Comment (1) | Send Message
     
    When is Exxon going to split?
    18 Dec 2013, 05:12 PM Reply Like
  • LAW00700
    , contributor
    Comments (12) | Send Message
     
    Looking at the past, it normally splits right around $120. We have a ways to go.
    19 Dec 2013, 12:17 PM Reply Like
  • geologist
    , contributor
    Comments (212) | Send Message
     
    Mark is a business person and an investor. He is doing nothing wrong, period. Regards.
    18 Dec 2013, 09:22 PM Reply Like
  • hedad44
    , contributor
    Comments (4) | Send Message
     
    I'm a beginner taking lessons here and there. I only got a couple of share from xom, wmt, ibm, and others. I am looking to see how you folks make money so I can follow suit.

     

    I can see myself from Albers point of view. Make money now and make some more later when he is running the company. Part of being an exec. pay yourself first. Congress does it, why not him?
    19 Dec 2013, 12:28 AM Reply Like
  • DonSimon
    , contributor
    Comments (73) | Send Message
     
    The success is to buy good solid dividend paying equities, reinvest the dividends and ket it grow. Trying to "trade" is a losers game I have found. Us peons cannot compete with the sharks to "play poker" with equites against professionals.
    Longterm growth is your friend.
    Look fir equities that have a constant increase in dividend increase record.
    Good luck.
    19 Dec 2013, 09:42 AM Reply Like
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