87,128 Shares in Energy Services of America Co. $ESOA Acquired by Sei Investments Co.

Sei Investments Co. purchased a new position in shares of Energy Services of America Co. (NASDAQ:ESOA) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 87,128 shares of the company’s stock, valued at approximately $1,144,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Energy Services of America by 137.6% in the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock worth $25,000 after acquiring an additional 1,384 shares during the period. Larson Financial Group LLC raised its holdings in shares of Energy Services of America by 117.1% during the third quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after purchasing an additional 1,314 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Energy Services of America by 80.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock valued at $38,000 after purchasing an additional 1,283 shares during the period. Raymond James Financial Inc. acquired a new position in Energy Services of America during the second quarter valued at $44,000. Finally, JPMorgan Chase & Co. purchased a new stake in Energy Services of America in the second quarter valued at $56,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ESOA shares. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of Energy Services of America in a research report on Tuesday, May 12th. Weiss Ratings cut Energy Services of America from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.00.

Insider Activity at Energy Services of America

In other Energy Services of America news, Director Marshall T. Reynolds sold 64,942 shares of Energy Services of America stock in a transaction on Friday, May 29th. The shares were sold at an average price of $15.70, for a total transaction of $1,019,589.40. Following the sale, the director owned 1,260,431 shares of the company’s stock, valued at $19,788,766.70. The trade was a 4.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Douglas V. Reynolds bought 6,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of $16.26 per share, with a total value of $97,560.00. Following the acquisition, the president directly owned 1,487,270 shares of the company’s stock, valued at approximately $24,183,010.20. This represents a 0.41% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 233,000 shares of company stock valued at $3,813,537. 44.68% of the stock is owned by insiders.

Energy Services of America Trading Down 3.0%

ESOA stock opened at $12.83 on Thursday. Energy Services of America Co. has a 12-month low of $7.84 and a 12-month high of $19.94. The business’s 50-day moving average is $16.33 and its 200 day moving average is $15.00.

Energy Services of America (NASDAQ:ESOA) last announced its earnings results on Monday, August 10th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $130.01 million for the quarter, compared to analyst estimates of $112.65 million.

Energy Services of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Energy Services of America’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. Energy Services of America’s dividend payout ratio (DPR) is presently 87.43%.

Energy Services of America Company Profile

Energy Services of America, Inc (NASDAQ: ESOA) is a provider of natural gas compression equipment and services to energy producers, pipeline operators, and landowners across North America. The company designs, manufactures, and distributes compression systems tailored to meet the needs of natural gas gathering, processing and transmission applications. Its offerings include the sale, lease, and repair of both new and reconditioned compression units, as well as aftermarket parts and field services that support ongoing system performance and reliability.

In addition to core compression services, Energy Services of America delivers turnkey solutions for pipeline operators and gas processors.