Energy Services of America Co. (NASDAQ:ESOA) Short Interest Up 33.1% in November

Energy Services of America Co. (NASDAQ:ESOA) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 353,300 shares, a growth of 33.1% from the November 15th total of 265,500 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average trading volume of 163,100 shares, the short-interest ratio is presently 2.2 days.

Energy Services of America Stock Up 2.3 %

ESOA traded up $0.36 during midday trading on Friday, reaching $15.99. 228,378 shares of the company’s stock were exchanged, compared to its average volume of 160,253. Energy Services of America has a one year low of $3.46 and a one year high of $16.97. The business has a 50-day simple moving average of $12.96 and a two-hundred day simple moving average of $9.88.

Energy Services of America Increases Dividend

The company 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 dividend of $0.03 per share. This is a positive change from Energy Services of America’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, December 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. Energy Services of America’s dividend payout ratio (DPR) is presently 16.39%.

Insider Buying and Selling at Energy Services of America

In other Energy Services of America news, Director Jack M. Reynolds sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $10.30, for a total transaction of $257,500.00. Following the completion of the transaction, the director now owns 408,385 shares in the company, valued at $4,206,365.50. This trade represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Samuel G. Kapourales sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $10.10, for a total transaction of $505,000.00. Following the transaction, the director now owns 714,191 shares of the company’s stock, valued at approximately $7,213,329.10. This represents a 6.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 44.68% of the company’s stock.

Institutional Trading of Energy Services of America

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Energy Services of America by 32.5% in the first quarter. Vanguard Group Inc. now owns 424,892 shares of the company’s stock valued at $3,505,000 after purchasing an additional 104,299 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Energy Services of America by 46.7% in the second quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock valued at $436,000 after purchasing an additional 19,380 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Energy Services of America by 257.5% in the second quarter. American Century Companies Inc. now owns 117,124 shares of the company’s stock valued at $839,000 after purchasing an additional 84,362 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Energy Services of America by 20.7% in the second quarter. Dimensional Fund Advisors LP now owns 178,625 shares of the company’s stock valued at $1,279,000 after purchasing an additional 30,694 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Energy Services of America by 12.8% in the second quarter. Renaissance Technologies LLC now owns 203,892 shares of the company’s stock valued at $1,460,000 after purchasing an additional 23,192 shares in the last quarter. Institutional investors and hedge funds own 2.13% of the company’s stock.

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.