Patrick J. Farrell Purchases 1,772 Shares of Energy Services of America Co. (NASDAQ:ESOA) Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Patrick J. Farrell bought 1,772 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were acquired at an average price of $8.46 per share, for a total transaction of $14,991.12. Following the acquisition, the director now directly owns 12,459 shares of the company’s stock, valued at approximately $105,403.14. The trade was a 16.58% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Energy Services of America Trading Up 0.4%

Shares of ESOA stock opened at $9.53 on Tuesday. Energy Services of America Co. has a 12 month low of $5.89 and a 12 month high of $19.83. The stock has a 50-day moving average price of $9.11 and a 200 day moving average price of $11.52.

Energy Services of America (NASDAQ:ESOA) last released its earnings results on Monday, May 12th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.51). The business had revenue of $76.68 million for the quarter, compared to analysts’ expectations of $80.00 million.

Energy Services of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.03 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%. Energy Services of America’s dividend payout ratio (DPR) is presently 65.57%.

Hedge Funds Weigh In On Energy Services of America

A number of hedge funds and other institutional investors have recently made changes to their positions in ESOA. Huntington National Bank boosted its holdings in shares of Energy Services of America by 80.1% in the fourth quarter. Huntington National Bank now owns 678,588 shares of the company’s stock valued at $8,564,000 after buying an additional 301,800 shares during the period. Truffle Hound Capital LLC acquired a new position in shares of Energy Services of America during the fourth quarter worth about $5,048,000. American Century Companies Inc. grew its holdings in shares of Energy Services of America by 46.0% during the fourth quarter. American Century Companies Inc. now owns 256,616 shares of the company’s stock worth $3,238,000 after buying an additional 80,878 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Energy Services of America by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 213,773 shares of the company’s stock valued at $2,698,000 after buying an additional 15,761 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in Energy Services of America by 950.6% during the 4th quarter. Susquehanna International Group LLP now owns 184,326 shares of the company’s stock worth $2,326,000 after acquiring an additional 166,781 shares during the last quarter. 2.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Lake Street Capital started coverage on shares of Energy Services of America in a research note on Monday. They set a “buy” rating and a $21.00 price target on the 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.