Sei Investments Co. Invests $1.14 Million in Energy Services of America Co. $ESOA

Sei Investments Co. bought a new position in shares of Energy Services of America Co. (NASDAQ:ESOAFree Report) during the 1st quarter, HoldingsChannel reports. The fund bought 87,128 shares of the company’s stock, valued at approximately $1,144,000.

A number of other large investors have also made changes to their positions in ESOA. Needham Investment Management LLC increased its stake in shares of Energy Services of America by 67.3% during the 4th quarter. Needham Investment Management LLC now owns 585,440 shares of the company’s stock worth $4,783,000 after purchasing an additional 235,440 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Energy Services of America during the 1st quarter valued at $922,000. Man Group plc acquired a new stake in shares of Energy Services of America in the 2nd quarter valued at $219,000. Boothbay Fund Management LLC acquired a new stake in shares of Energy Services of America in the 2nd quarter valued at $110,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Energy Services of America by 51.6% in the second quarter. Balyasny Asset Management L.P. now owns 373,165 shares of the company’s stock worth $3,709,000 after purchasing an additional 127,016 shares in the last quarter. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on Energy Services of America

Insider Activity at Energy Services of America

In other Energy Services of America news, Director Mark Prince sold 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $17.80, for a total value of $587,400.00. Following the completion of the sale, the director owned 67,071 shares in the company, valued at approximately $1,193,863.80. This trade represents a 32.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marshall T. Reynolds sold 64,942 shares of Energy Services of America stock in a transaction that occurred 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 sale, the director directly owned 1,260,431 shares in the company, valued at $19,788,766.70. The trade was a 4.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 233,000 shares of company stock worth $3,813,537 over the last three months. Company insiders own 44.68% of the company’s stock.

Energy Services of America Price Performance

Shares of Energy Services of America stock opened at $12.83 on Thursday. The firm has a fifty day moving average price of $16.33 and a two-hundred day moving average price of $15.00. Energy Services of America Co. has a fifty-two week low of $7.84 and a fifty-two week high of $19.94.

Energy Services of America (NASDAQ:ESOAGet Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.04 per share. 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 yield of 1.2%. The ex-dividend date was Tuesday, June 30th. Energy Services of America’s dividend payout ratio is presently 87.43%.

Energy Services of America Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Energy Services of America (NASDAQ:ESOA)

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