Congress members often make timely trades that benefit from new regulations and bills or vice versa.
Oregon Democrat Kurt Schrader, who is also a member of the House Committee on Energy and Commerce, has made more than 400 trades in the past three years, with one of his top issuers being Exxon Mobil Corporation XOM, per Capitol Trades.
Schrader also sold a range of between $1,000 to $15,000 in shares of ConocoPhillips COP on Oct. 26 for $126.57 per share, reported by Capitol Trades.
- Ameren Corporation AEE is offering a dividend yield of 2.92% or $2.36 per share annually, conducting quarterly payments, with a notable track record of increasing its dividends for eight consecutive years. The St. Louis, Missouri-based company owns distribution networks that deliver electricity and natural gas in Missouri and Illinois, serving 2.4 million electricity customers and more than 900,000 natural gas customers. In an undisclosed filing, representative Schrader purchased a range of between $1,000 to $15,000 in shares of Ameren on Oct. 13 for $77.19 per share, reported by Capitol Trades.
- SLB SLB is offering a dividend yield of 1.27% or 70 cents per share annually, making quarterly payments, with a strong track record of increasing its dividends for eight consecutive years. The company, formerly known as Schlumberger, is the largest oilfield service firm in the world. Lawmaker Schrader purchased a range of between $1,000 to $15,000 in shares of SLB for $52.18 per share on Oct. 26, reported in an undisclosed filing, per Capitol Trades.
Schrader has served as the U.S. representative for Oregon's 5th congressional district since 2009. Representative Schrader serves on several committees allowing him to be in a better position to use his personal experiences as a farmer, small business owner and budget watchdog to deliver for Oregon. Congressman Schrader’s trades are typically filed as undisclosed
Congressional Trading: Sen. Elizabeth Warren and Sen. Steve Daines wants to ban members of Congress and their spouses from owning or trading individual stocks.
Image: Courtesy of ConocoPhillips
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.