Insider Selling: RGC Resources Inc. (RGCO) COO Sells 1,469 Shares of Stock

RGC Resources Inc. (NASDAQ:RGCO) COO C James Shockley, Jr. sold 1,469 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $28.00, for a total transaction of $41,132.00. Following the sale, the chief operating officer now owns 8,297 shares of the company’s stock, valued at approximately $232,316. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

C James Shockley, Jr. also recently made the following trade(s):

  • On Tuesday, March 12th, C James Shockley, Jr. sold 130 shares of RGC Resources stock. The stock was sold at an average price of $28.00, for a total transaction of $3,640.00.

Shares of RGCO stock traded down $0.39 during mid-day trading on Friday, hitting $27.55. The stock had a trading volume of 17,104 shares, compared to its average volume of 7,360. RGC Resources Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $31.33. The stock has a market capitalization of $223.84 million, a PE ratio of 29.00 and a beta of -0.36. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.78 and a current ratio of 1.15.



RGC Resources (NASDAQ:RGCO) last released its earnings results on Monday, February 4th. The energy company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). RGC Resources had a return on equity of 9.61% and a net margin of 11.28%. The firm had revenue of $21.22 million during the quarter, compared to analyst estimates of $19.15 million. Equities analysts forecast that RGC Resources Inc. will post 1.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, April 12th. RGC Resources’s dividend payout ratio (DPR) is presently 32.63%.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of RGC Resources by 24.6% in the 4th quarter. Bank of America Corp DE now owns 10,306 shares of the energy company’s stock worth $309,000 after acquiring an additional 2,033 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in shares of RGC Resources in the 4th quarter worth $76,000. Dimensional Fund Advisors LP lifted its stake in shares of RGC Resources by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 112,821 shares of the energy company’s stock worth $3,380,000 after acquiring an additional 2,577 shares during the period. BlackRock Inc. lifted its stake in shares of RGC Resources by 0.7% in the 3rd quarter. BlackRock Inc. now owns 356,328 shares of the energy company’s stock worth $9,517,000 after acquiring an additional 2,630 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of RGC Resources by 3.5% in the 2nd quarter. Northern Trust Corp now owns 81,927 shares of the energy company’s stock worth $2,390,000 after acquiring an additional 2,762 shares during the period.

Separately, Zacks Investment Research cut shares of RGC Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 6th.

ILLEGAL ACTIVITY WARNING: “Insider Selling: RGC Resources Inc. (RGCO) COO Sells 1,469 Shares of Stock” was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://dakotafinancialnews.com/2019/03/15/insider-selling-rgc-resources-inc-rgco-coo-sells-1469-shares-of-stock.html.

RGC Resources Company Profile

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. The company sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. It also provides various unregulated services. The company operates approximately 1,141 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 8 metering stations.

Featured Article: What is a Reverse Stock Split?

Insider Buying and Selling by Quarter for RGC Resources (NASDAQ:RGCO)

Receive News & Ratings for RGC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RGC Resources and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply