Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds Sells 20,946 Shares

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds sold 20,946 shares of Energy Services of America stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $9.50, for a total value of $198,987.00. Following the transaction, the director now directly owns 1,579,303 shares in the company, valued at approximately $15,003,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Energy Services of America Stock Performance

Shares of ESOA opened at $9.60 on Friday. Energy Services of America Co. has a 1 year low of $3.46 and a 1 year high of $11.16. The stock’s fifty day moving average price is $7.87 and its two-hundred day moving average price is $7.62.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. The firm had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $91.23 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ESOA. Acadian Asset Management LLC increased its position in Energy Services of America by 7.6% during the 1st quarter. Acadian Asset Management LLC now owns 65,755 shares of the company’s stock valued at $541,000 after buying an additional 4,641 shares in the last quarter. Raymond James & Associates lifted its position in shares of Energy Services of America by 27.0% in the fourth quarter. Raymond James & Associates now owns 23,497 shares of the company’s stock valued at $141,000 after acquiring an additional 5,000 shares in the last quarter. Thompson Davis & CO. Inc. lifted its position in shares of Energy Services of America by 0.6% in the first quarter. Thompson Davis & CO. Inc. now owns 1,333,725 shares of the company’s stock worth $11,003,000 after buying an additional 7,451 shares in the last quarter. M. Kulyk & Associates LLC purchased a new stake in shares of Energy Services of America in the fourth quarter worth about $62,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Energy Services of America in the first quarter worth about $106,000. 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.