108,099 Shares in Energy Services of America Co. $ESOA Acquired by Walleye Capital LLC

Walleye Capital LLC purchased a new stake in Energy Services of America Co. (NASDAQ:ESOA) during the second quarter, HoldingsChannel reports. The firm purchased 108,099 shares of the company’s stock, valued at approximately $2,091,000.

Several other hedge funds have also added to or reduced their stakes in ESOA. Bank of America Corp DE boosted its position in Energy Services of America by 582.8% during the first quarter. Bank of America Corp DE now owns 90,781 shares of the company’s stock worth $1,192,000 after purchasing an additional 77,485 shares during the period. Renaissance Technologies LLC raised its position in shares of Energy Services of America by 221.3% in the first quarter. Renaissance Technologies LLC now owns 217,500 shares of the company’s stock valued at $2,856,000 after purchasing an additional 149,800 shares during the period. Aristides Capital LLC bought a new stake in shares of Energy Services of America during the 1st quarter worth about $579,000. Sei Investments Co. bought a new stake in shares of Energy Services of America during the 1st quarter worth about $1,144,000. Finally, PNC Financial Services Group Inc. grew its stake in Energy Services of America by 80.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock valued at $38,000 after buying an additional 1,283 shares during the last quarter. Institutional investors and hedge funds own 2.13% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark Prince sold 33,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $17.80, for a total value of $587,400.00. Following the completion of the transaction, the director owned 67,071 shares of the company’s stock, valued at $1,193,863.80. The trade was a 32.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marshall T. Reynolds sold 64,942 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $15.70, for a total value of $1,019,589.40. Following the completion of the transaction, the director directly owned 1,260,431 shares of the company’s stock, valued at approximately $19,788,766.70. This trade represents a 4.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 233,000 shares of company stock worth $3,813,537. Company insiders own 44.68% of the company’s stock.

Energy Services of America Price Performance

Shares of NASDAQ:ESOA opened at $12.83 on Friday. Energy Services of America Co. has a 1 year low of $7.84 and a 1 year high of $19.94. The business’s 50 day simple moving average is $16.23 and its 200 day simple moving average is $15.01.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $130.01 million for the quarter, compared to the consensus estimate of $112.65 million.

Energy Services of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.04 per share. This is an increase from Energy Services of America’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. Energy Services of America’s payout ratio is currently 87.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Energy Services of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of Energy Services of America from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Lake Street Capital reiterated a “buy” rating and issued a $25.00 price objective on shares of Energy Services of America in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $25.00.

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.