54,775 Shares in Energy Services of America Co. $ESOA Bought by Globeflex Capital L P

Globeflex Capital L P purchased a new position in Energy Services of America Co. (NASDAQ:ESOA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 54,775 shares of the company’s stock, valued at approximately $1,059,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC lifted its stake in shares of Energy Services of America by 117.1% in the 3rd quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock valued at $25,000 after acquiring an additional 1,314 shares during the last quarter. BNP Paribas Financial Markets lifted its position in 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 valued at $25,000 after purchasing an additional 1,384 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Energy Services of America by 80.8% in 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 last quarter. Raymond James Financial Inc. purchased a new stake in shares of Energy Services of America during the second quarter valued at approximately $44,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Energy Services of America in the second quarter worth approximately $56,000. 2.13% of the stock is owned by institutional investors.

Insider Transactions at Energy Services of America

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ESOA. Wall Street Zen cut shares of Energy Services of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Energy Services of America from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Finally, Lake Street Capital reissued a “buy” rating and issued a $25.00 target price on shares of Energy Services of America in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $25.00.

Energy Services of America Stock Performance

Shares of NASDAQ ESOA opened at $11.53 on Tuesday. The firm has a fifty day simple moving average of $15.76 and a two-hundred day simple moving average of $15.18. Energy Services of America Co. has a 12 month low of $7.84 and a 12 month high of $19.94.

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

Energy Services of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.04 per share. This is a positive change from Energy Services of America’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, June 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. Energy Services of America’s dividend payout ratio (DPR) is currently 87.43%.

About Energy Services of America

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.