Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds Sells 11,005 Shares

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds sold 11,005 shares of Energy Services of America 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 completion of the transaction, the director now owns 1,568,298 shares in the company, valued at $26,974,725.60. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Energy Services of America Price Performance

Shares of ESOA stock opened at $16.00 on Friday. Energy Services of America Co. has a twelve month low of $5.00 and a twelve month high of $19.83. The firm has a 50-day moving average price of $13.68 and a 200 day moving average price of $10.23.

Energy Services of America (NASDAQ:ESOA) last issued its quarterly earnings data on Monday, December 16th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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. Stockholders of record on Friday, December 13th will be issued a $0.03 dividend. The ex-dividend date is Friday, December 13th. 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 dividend yield of 0.75%. Energy Services of America’s dividend payout ratio (DPR) is 16.39%.

Institutional Investors Weigh In On Energy Services of America

Institutional investors and hedge funds have recently bought and sold shares of the business. Ritholtz Wealth Management lifted its position in shares of Energy Services of America by 7.7% in the 3rd quarter. Ritholtz Wealth Management now owns 65,547 shares of the company’s stock valued at $623,000 after acquiring an additional 4,669 shares in the last quarter. State Street Corp boosted its stake in Energy Services of America by 16.4% during the 3rd quarter. State Street Corp now owns 35,529 shares of the company’s stock valued at $338,000 after purchasing an additional 5,000 shares during the period. Virtu Financial LLC boosted its position in shares of Energy Services of America by 35.4% in the third quarter. Virtu Financial LLC now owns 21,110 shares of the company’s stock valued at $201,000 after acquiring an additional 5,516 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Energy Services of America by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 203,892 shares of the company’s stock worth $1,460,000 after purchasing an additional 23,192 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Energy Services of America by 20.7% during the second quarter. Dimensional Fund Advisors LP now owns 178,625 shares of the company’s stock valued at $1,279,000 after acquiring an additional 30,694 shares during the period. 2.13% of the stock is owned by institutional investors and hedge funds.

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.