Market Commentary

Which Stocks Is Rep. Kevin Hern Buying These Days?

Rahul Joshua · 1 minute read

Kevin Hern, a member of the United States House of Representatives for Oklahoma's 1st congressional district, disclosed yesterday that he made almost 14 new trades this September, all of them being on the long side of the market.

Congressman Hern, who made nearly 500 trades in the past 3 years, was actively buying shares of Energy companies in September. Mr. Hern invested in Devon Energy (DVN: US) when the price closed at $60.13, Exxon Mobil (XOM: US) when it closed at $96.50, Pioneer Natural Resources (PXD: US) when it closed at $239.5, NextEra Energy (NEE: US) when it closed at $86.01, as well as in Williams Companies (WMB: US) when it closed at $28.42.

Representative Hern was also buying shares of UnitedHealth Group (UNH: US), Rockwell Automation (ROK: US), The Home Depot (HD: US), and Emerson Electric (EMR: US).

In addition to the above, the Oklahoma-based Republican also invested in the JPMorgan Equity Premium Income ETF, which invests in large-cap US stocks and equity-linked notes, as well as the iShares Core Dividend Growth ETF, which offers exposure to U.S. equities with a history of consistently growing dividends.

All these trades were worth between $1,000 to $15,000 as far as the value size is concerned, with the exception of one purchase in DVN and PXD shares, each valued between $15,000 to $50,000.

Congressman Hern, a member of the House Committee on Ways & Means, has Energy, IT, and Healthcare as the most actively traded sectors. Understandably, his favorite stocks for trading also come from these sectors, including Microsoft (MSFT: US), Pioneer natural resources (PXD: US), Accenture PLC (ACN: US), and chipmaker Texas Instruments (TXN: US).