Energy Services of America Co. (NASDAQ:ESOA) Director Sells $189,286.00 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds sold 11,005 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $17.20, for a total transaction of $189,286.00. Following the sale, the director now owns 1,568,298 shares in the company, valued at approximately $26,974,725.60. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Energy Services of America Trading Up 1.5 %

Shares of NASDAQ:ESOA opened at $16.00 on Monday. The firm has a fifty day moving average of $13.68 and a 200 day moving average of $10.25. Energy Services of America Co. has a 52-week low of $5.00 and a 52-week high of $19.83.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings data on Monday, December 16th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.28.

Energy Services of America Increases Dividend

The firm 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. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Energy Services of America’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, December 13th. Energy Services of America’s payout ratio is presently 16.39%.

Institutional Trading of Energy Services of America

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

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.