Energy Services of America Co. (NASDAQ:ESOA) Director Sells $189,286.00 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds sold 11,005 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $17.20, for a total value of $189,286.00. Following the sale, the director now directly owns 1,568,298 shares of the company’s stock, valued at approximately $26,974,725.60. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Energy Services of America Price Performance

Shares of Energy Services of America stock traded up $0.24 during midday trading on Friday, reaching $16.00. 274,332 shares of the company’s stock traded hands, compared to its average volume of 165,505. The stock has a 50 day moving average of $13.56 and a 200-day moving average of $10.19. Energy Services of America Co. has a 12 month low of $5.00 and a 12 month high of $19.83.

Energy Services of America (NASDAQ:ESOA) last announced its earnings results on Monday, December 16th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.28.

Energy Services of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.03 dividend. 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. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. Energy Services of America’s dividend payout ratio is 16.39%.

Hedge Funds Weigh In On Energy Services of America

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC raised its holdings in Energy Services of America by 35.4% in the third quarter. Virtu Financial LLC now owns 21,110 shares of the company’s stock worth $201,000 after purchasing an additional 5,516 shares in the last quarter. State Street Corp raised its holdings in Energy Services of America by 16.4% in the third quarter. State Street Corp now owns 35,529 shares of the company’s stock worth $338,000 after purchasing an additional 5,000 shares in the last quarter. XTX Topco Ltd bought a new position in Energy Services of America in the third quarter worth $401,000. GSA Capital Partners LLP bought a new position in shares of Energy Services of America during the third quarter valued at $452,000. Finally, Ritholtz Wealth Management increased its holdings in shares of Energy Services of America by 46.7% during the second quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock valued at $436,000 after acquiring an additional 19,380 shares in the last quarter. Institutional investors own 2.13% of the company’s stock.

About Energy Services of America

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.