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 business’s stock in a transaction dated Friday, December 20th. The stock was 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 owns 1,525,373 shares in the company, valued at $24,466,982.92. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Energy Services of America Stock Up 1.4 %

NASDAQ:ESOA opened at $14.30 on Thursday. Energy Services of America Co. has a 1 year low of $5.22 and a 1 year high of $19.83. The stock’s 50 day simple moving average is $13.83 and its two-hundred day simple moving average is $10.34.

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

Energy Services of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.84%. This is a boost from Energy Services of America’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, December 13th. Energy Services of America’s dividend payout ratio is currently 16.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in shares of Energy Services of America by 257.5% in the 2nd quarter. American Century Companies Inc. now owns 117,124 shares of the company’s stock valued at $839,000 after purchasing an additional 84,362 shares during the last quarter. Huntington National Bank raised its holdings in Energy Services of America by 15.7% during the 3rd quarter. Huntington National Bank now owns 376,788 shares of the company’s stock valued at $3,579,000 after buying an additional 51,200 shares during the period. GSA Capital Partners LLP bought a new stake in Energy Services of America in the third quarter worth $452,000. XTX Topco Ltd purchased a new position in Energy Services of America during the third quarter worth $401,000. Finally, Raffles Associates LP increased its position in Energy Services of America by 22.6% during the second quarter. Raffles Associates LP now owns 217,533 shares of the company’s stock valued at $1,558,000 after acquiring an additional 40,142 shares during the last quarter. Hedge funds and other institutional investors own 2.13% of the company’s stock.

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.