Insider Selling: Energy Services of America Co. (NASDAQ:ESOA) Director Sells 34,713 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds sold 34,713 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $16.04, for a total value of $556,796.52. Following the transaction, the director now owns 1,525,373 shares of the company’s stock, valued at $24,466,982.92. This represents a 2.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Energy Services of America Trading Up 1.4 %

NASDAQ ESOA opened at $14.30 on Wednesday. The stock has a 50 day moving average price of $13.83 and a 200-day moving average price of $10.34. Energy Services of America Co. has a one year low of $5.22 and a one year high of $19.83.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings data on Monday, December 16th. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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. Shareholders of record on Friday, December 13th will be paid a dividend of $0.03 per share. This is a boost from Energy Services of America’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, December 13th. Energy Services of America’s payout ratio is presently 16.39%.

Institutional Investors Weigh In On Energy Services of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its position in shares of Energy Services of America by 35.4% during the 3rd quarter. Virtu Financial LLC now owns 21,110 shares of the company’s stock valued at $201,000 after purchasing an additional 5,516 shares during the last quarter. State Street Corp boosted its stake in Energy Services of America by 16.4% during the third quarter. State Street Corp now owns 35,529 shares of the company’s stock worth $338,000 after buying an additional 5,000 shares during the period. XTX Topco Ltd bought a new position in Energy Services of America during the third quarter valued at $401,000. GSA Capital Partners LLP purchased a new stake in shares of Energy Services of America in the third quarter valued at $452,000. Finally, Ritholtz Wealth Management raised its stake in shares of Energy Services of America by 46.7% in 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 during the period. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

Energy Services of America Company Profile

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.