Marshall T. Reynolds Sells 11,005 Shares of Energy Services of America Co. (NASDAQ:ESOA) Stock

Energy Services of America Co. (NASDAQ:ESOAGet Free Report) Director Marshall T. Reynolds sold 11,005 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $17.20, for a total value of $189,286.00. Following the completion of the sale, the director now directly owns 1,568,298 shares in the company, valued at $26,974,725.60. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Energy Services of America Stock Performance

ESOA opened at $16.00 on Friday. The company’s 50 day moving average is $13.68 and its 200-day moving average is $10.23. Energy Services of America Co. has a 1-year low of $5.00 and a 1-year high of $19.83.

Energy Services of America (NASDAQ:ESOAGet Free Report) last issued its earnings results on Monday, December 16th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.28.

Energy Services of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. This is an increase from Energy Services of America’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, December 13th. Energy Services of America’s dividend payout ratio is presently 16.39%.

Hedge Funds Weigh In On Energy Services of America

A number of hedge funds and other institutional investors have recently made changes to their positions in ESOA. Ritholtz Wealth Management raised its stake in Energy Services of America by 46.7% during the second quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock worth $436,000 after buying an additional 19,380 shares during the last quarter. American Century Companies Inc. raised its stake in Energy Services of America by 257.5% during the 2nd quarter. American Century Companies Inc. now owns 117,124 shares of the company’s stock worth $839,000 after buying an additional 84,362 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Energy Services of America by 20.7% in the second quarter. Dimensional Fund Advisors LP now owns 178,625 shares of the company’s stock worth $1,279,000 after acquiring an additional 30,694 shares in the last quarter. Renaissance Technologies LLC grew its stake in Energy Services of America by 12.8% in the second quarter. Renaissance Technologies LLC now owns 203,892 shares of the company’s stock valued at $1,460,000 after acquiring an additional 23,192 shares during the period. Finally, Raffles Associates LP increased its holdings in shares of Energy Services of America by 22.6% during the second quarter. Raffles Associates LP now owns 217,533 shares of the company’s stock valued at $1,558,000 after acquiring an additional 40,142 shares in the last quarter. 2.13% of the stock is owned by institutional investors and hedge funds.

Energy Services of America Company Profile

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Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.

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Insider Buying and Selling by Quarter for Energy Services of America (NASDAQ:ESOA)

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