Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds Sells 34,713 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds sold 34,713 shares of Energy Services of America 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 completion of the sale, the director now directly owns 1,525,373 shares in the company, valued at $24,466,982.92. This represents a 2.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Energy Services of America Price Performance

ESOA opened at $14.10 on Tuesday. The business has a 50 day simple moving average of $13.75 and a 200-day simple moving average of $10.29. Energy Services of America Co. has a 12 month low of $5.22 and a 12 month high of $19.83.

Energy Services of America (NASDAQ:ESOA) last issued its earnings results on Monday, December 16th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.12 by $0.28.

Energy Services of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.03 per share. This is a positive change from Energy Services of America’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, December 13th. Energy Services of America’s dividend payout ratio is presently 16.39%.

Institutional Investors Weigh In On Energy Services of America

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC grew its holdings in shares of Energy Services of America by 35.4% in the 3rd quarter. Virtu Financial LLC now owns 21,110 shares of the company’s stock worth $201,000 after acquiring an additional 5,516 shares during the period. State Street Corp boosted its position 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 purchasing an additional 5,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in Energy Services of America in the third quarter valued at $401,000. Ritholtz Wealth Management increased its position 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 buying an additional 19,380 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Energy Services of America during the 3rd quarter worth $452,000. 2.13% of the stock is currently 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.