Rgc Resources Inc (RGCO) Files Form 4 Insider Buying : Paul W Nester Buys 12 Shares

Rgc Resources Inc (RGCO): Paul W Nester , VP, Treasurer, Secretary & CFO of Rgc Resources Inc purchased 12 shares on Jul 1, 2016. The Insider buying transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $24.87 per share for a total value of $300.01 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Raymond D Jr Smoot (director) purchased 32 shares at $24.87 per share price.On Jul 5, 2016, Nancy H Agee (director) purchased 36 shares at $24.87 per share price.Also, On Jun 2, 2016, Orazio John S D (CEO & President) purchased 43 shares at $23.32 per share price.On Jun 2, 2016, Paul W Nester (VP, Treasurer, Secretary & CFO) purchased 13 shares at $23.32 per share price.

RGC Resources: On Friday, Jul 1, 2016 heightened volatility was witnessed in RGC Resources which led to swings in the share price. The shares opened for trading at $24.58 and hit $25 on the upside , eventually ending the session at $24.8684, with a gain of 2.47% or 0.5984 points. The heightened volatility saw the trading volume jump to 4,235 shares. The 52-week high of the share price is $25.9999 and the company has a market cap of $119 M . The 52-week low of the share price is at $19.95.

RGC Resources Money Flow Index Chart

On Jun 27, 2016, RGC Resources announced a cash dividend of $0.2025. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Aug 1, 2016.

RGC Resources Inc. is an energy services company. It is primarily engaged in the regulated sale and distribution of natural gas to approximately 58200 residential commercial and industrial customers in Roanoke Virginia and the surrounding localities through its Roanoke Gas Company (Roanoke Gas) subsidiary. The Company also provides certain unregulated services through Roanoke Gas and utility consulting and information system services through RGC Ventures of Virginia Inc. which operates as The Utility Consultants and Application Resources. The Company has the following subsidiaries: Roanoke Gas Company (Roanoke Gas); Diversified Energy Company and RGC Ventures of Virginia Inc. operating as Application Resources and The Utility Consultants.

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