Climate Change Politico Purchases Two High-Yielding Energy Stocks After Tech Stock Focus

Zinger Key Points
  • In an undisclosed filing, U.S. Rep. Thomas Suozzi purchased between $15,000 to $50,000 shares of HF Sinclair.
  • Rep. Suozzi also purchased shares of Advanced Micro Devices, NVIDIA and Generac on Sept. 26.

Thomas Suozzi is the U.S. Representative (D) for New York's 3rd District. Suozzi is a member of the House Ways and Means Committee, which is the chief tax-writing committee that has jurisdiction over taxation, tariffs and other revenue-raising measures.

Among his committee and caucus memberships, Suozzi is a member of the Climate Solutions Caucus, which is a bipartisan caucus of U.S. legislators supported by the Citizens' Climate Lobby, whose members seek to address risks associated with climate change.

Suozzi has made more than 300 trades in the past year, primarily in technology stocks, while lately picking up shares of major oil and gas companies. Suozzi also purchased shares of Advanced Micro Devices Inc. AMD, NVIDIA Corporation NVDA, and Generac Holdings Inc. GNRC, on Sept. 26 in an undisclosed filing, according to Capitol Trades.

Go To: This Congressman Likes To Trade Tech, But Bought These 3 Dividend Stocks Instead

Valero Energy Corporation VLO is offering a dividend yield of 3.04% or $3.92 per share annually, making quarterly payments, with an infrequent track record of increasing its dividend payments.

Valero Energy is one of the largest independent refiners in the U.S., operating 14 refineries and 14 ethanol plants and holds a 50% stake in Diamond Green Diesel, which as of 2021 has the capacity to produce 700 million gallons per year of renewable diesel.

On Sept. 13, Suozzi purchased between $15,000 to $50,000 in shares of Valero for a price of $111.33 per share. This was reported in an undisclosed filing.

HF Sinclair Corp DINO is offering a dividend yield of 2.70% or $1.60 per share annually, using quarterly payments, with an inconsistent track record of increasing its dividends.

HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries and holds a marketing business with more than 300 distributors and 1,300 wholesale branded sites across 30 states. The company also holds a 47% stake in Holly Energy Partners, L.P. HEP, which owns and operates petroleum product pipelines and terminals principally in the southwestern U.S.

In an undisclosed filing, Suozzi purchased between $15,000 to $50,000 shares of HF Sinclair for a price of $47.35. This trade was made on Aug. 3 and reported on Sept. 16.

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Posted In: AsiaLarge CapLatin AmericaLong IdeasNewsDividendsDividendsCommoditiesPoliticsGlobalMarketsTrading IdeasGeneralCongressCongress Insider TradesDividend Stocks Congress Members TradeEnergy Stocks With DividendsTechnology Stocks Traded By CongressThomas SuozziTom SuozziU.S. Congress
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