Sen. Markwayne Mullin Sells Off Shares of CSX Co. (NASDAQ:CSX)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of CSX Co. (NASDAQ:CSX). In a filing disclosed on May 12th, the Senator disclosed that they had sold between $15,001 and $50,000 in CSX stock on April 8th.

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

• Sold $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 4/8/2025.
• Sold $50,001 – $100,000 in shares of Lam Research (NASDAQ:LRCX) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Chevron (NYSE:CVX) on 4/8/2025.
• Sold $50,001 – $100,000 in shares of Thermo Fisher Scientific (NYSE:TMO) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of ConocoPhillips (NYSE:COP) on 4/8/2025.
• Sold $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 4/8/2025.
• Sold $50,001 – $100,000 in shares of Valero Energy (NYSE:VLO) on 4/8/2025.
• Purchased $15,001 – $50,000 in shares of Capital One Financial (NYSE:COF) on 3/19/2025.

CSX Price Performance

Shares of CSX opened at $30.31 on Tuesday. The firm has a market cap of $56.94 billion, a PE ratio of 16.93, a PEG ratio of 1.92 and a beta of 1.22. The firm’s 50 day moving average price is $28.77 and its 200 day moving average price is $31.82. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, May 30th. CSX’s payout ratio is presently 31.14%.

Institutional Investors Weigh In On CSX

Several institutional investors have recently bought and sold shares of CSX. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX during the 4th quarter worth approximately $27,000. Rossby Financial LCC acquired a new stake in shares of CSX during the 1st quarter worth $28,000. Accredited Wealth Management LLC acquired a new stake in shares of CSX during the 4th quarter worth $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of CSX during the 4th quarter worth $29,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of CSX during the 1st quarter worth $30,000. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating and set a $38.00 price target on shares of CSX in a research note on Friday, January 24th. JPMorgan Chase & Co. cut their price target on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Citigroup cut their price target on CSX from $39.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Bank of America lifted their price objective on CSX from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Argus set a $32.00 target price on CSX in a research report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.90.

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.

CSX Company Profile

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.