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

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds sold 11,005 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $17.20, for a total transaction of $189,286.00. Following the sale, the director now directly owns 1,568,298 shares of the company’s stock, valued at approximately $26,974,725.60. The trade was a 0.70 % decrease in their ownership of the stock. 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 1.5 %

ESOA stock opened at $16.00 on Friday. Energy Services of America Co. has a 52-week low of $5.00 and a 52-week high of $19.83. The business has a 50-day simple moving average of $13.68 and a two-hundred day simple moving average of $10.23.

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

Energy Services of America Increases Dividend

The company also recently announced 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 represents a $0.12 annualized dividend and a dividend yield of 0.75%. This is an increase from Energy Services of America’s previous quarterly dividend of $0.02. Energy Services of America’s dividend payout ratio is currently 16.39%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ESOA. Virtu Financial LLC grew its position in 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 purchasing an additional 5,516 shares in the last quarter. State Street Corp boosted its stake 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 buying an additional 5,000 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Energy Services of America in the third quarter valued at approximately $401,000. GSA Capital Partners LLP purchased a new stake in shares of Energy Services of America during the third quarter valued at approximately $452,000. Finally, Ritholtz Wealth Management lifted its holdings in Energy Services of America by 46.7% during the second quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock worth $436,000 after acquiring an additional 19,380 shares during the period. 2.13% of the stock is owned by 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.