Energy Services of America Co. (NASDAQ:ESOA) Increases Dividend to $0.04 Per Share

Energy Services of America Co. (NASDAQ:ESOA) announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.04 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 33.3% increase from Energy Services of America’s previous quarterly dividend of $0.03.

Energy Services of America Price Performance

ESOA remained flat at $16.95 during trading hours on Friday. The company had a trading volume of 211,909 shares, compared to its average volume of 188,258. Energy Services of America has a one year low of $7.84 and a one year high of $19.94. The company’s 50-day moving average price is $16.23 and its 200-day moving average price is $12.81.

Energy Services of America (NASDAQ:ESOA) last issued its earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.17. The firm had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $80.90 million.

Insider Activity

In other Energy Services of America news, Director Mark Prince sold 33,000 shares of Energy Services of America stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $17.80, for a total transaction of $587,400.00. Following the completion of the transaction, the director owned 67,071 shares in the company, valued at approximately $1,193,863.80. The trade was a 32.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marshall T. Reynolds sold 64,942 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $15.70, for a total transaction of $1,019,589.40. Following the transaction, the director directly owned 1,260,431 shares in the company, valued at $19,788,766.70. The trade was a 4.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 233,000 shares of company stock valued at $3,813,537 over the last three months. 44.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energy Services of America

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP lifted its stake in Energy Services of America by 2.4% during the fourth quarter. First Trust Advisors LP now owns 38,954 shares of the company’s stock worth $318,000 after purchasing an additional 920 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Energy Services of America by 80.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock valued at $38,000 after purchasing an additional 1,283 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Energy Services of America by 117.1% in the third quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock valued at $25,000 after acquiring an additional 1,314 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Energy Services of America by 137.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock worth $25,000 after buying an additional 1,384 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Energy Services of America by 6.6% in the 4th quarter. Barclays PLC now owns 24,042 shares of the company’s stock valued at $196,000 after acquiring an additional 1,499 shares during the last quarter. Hedge funds and other institutional investors own 2.13% of the company’s stock.

Energy Services of America Company Profile

Energy Services of America, Inc (NASDAQ: ESOA) is a provider of natural gas compression equipment and services to energy producers, pipeline operators, and landowners across North America. The company designs, manufactures, and distributes compression systems tailored to meet the needs of natural gas gathering, processing and transmission applications. Its offerings include the sale, lease, and repair of both new and reconditioned compression units, as well as aftermarket parts and field services that support ongoing system performance and reliability.

In addition to core compression services, Energy Services of America delivers turnkey solutions for pipeline operators and gas processors.