Sen. Markwayne Mullin Buys CSX Corporation (NASDAQ:CSX) Stock

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of CSX Corporation NASDAQ: CSX. In a filing disclosed on June 11th, the Senator disclosed that they had bought between $15,001 and $50,000 in CSX stock on May 13th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Valero Energy NYSE: VLO on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of LPL Financial NASDAQ: LPLA on 5/13/2025.
• Purchased $50,001 - $100,000 in shares of Chevron NYSE: CVX on 5/13/2025.
• Purchased $50,001 - $100,000 in shares of Zoetis NYSE: ZTS on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of L3Harris Technologies NYSE: LHX on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of ConocoPhillips NYSE: COP on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of Applied Materials NASDAQ: AMAT on 5/13/2025.
• Sold $500,001 - $1,000,000 in shares of SPDR S&P 500 ETF Trust NYSEARCA: SPY on 5/13/2025.

CSX Stock Performance

Shares of CSX stock traded up $0.60 during trading hours on Friday, reaching $35.60. The company had a trading volume of 5,939,703 shares, compared to its average volume of 15,588,406. The business has a fifty day moving average price of $32.60 and a 200-day moving average price of $31.24. CSX Corporation has a one year low of $26.22 and a one year high of $37.10. The firm has a market cap of $66.88 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.13 and a beta of 1.23. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. CSX had a net margin of 21.92% and a return on equity of 25.39%. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The business's revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts predict that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.13 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.46%. CSX's dividend payout ratio is presently 32.10%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CSX shares. UBS Group cut their target price on shares of CSX from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Baird R W upgraded shares of CSX to a "strong-buy" rating in a research report on Tuesday, July 1st. BMO Capital Markets boosted their target price on shares of CSX from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday. Citigroup boosted their target price on shares of CSX from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada cut their target price on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CSX has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

Hedge Funds Weigh In On CSX

Several hedge funds have recently modified their holdings of CSX. Brighton Jones LLC lifted its holdings in shares of CSX by 5.5% in the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock worth $525,000 after buying an additional 849 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of CSX by 5.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 55,167 shares of the transportation company's stock worth $1,780,000 after buying an additional 2,756 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of CSX by 6.7% in the fourth quarter. Empowered Funds LLC now owns 202,140 shares of the transportation company's stock worth $6,523,000 after buying an additional 12,774 shares in the last quarter. Quotient Wealth Partners LLC purchased a new position in shares of CSX in the fourth quarter worth $212,000. Finally, Stephens Inc. AR lifted its holdings in shares of CSX by 1.6% in the fourth quarter. Stephens Inc. AR now owns 114,490 shares of the transportation company's stock worth $3,695,000 after buying an additional 1,769 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.