Oliver of RGC Resources buys shares worth $199

Published 05/11/2025, 17:42
Oliver of RGC Resources buys shares worth $199

RGC Resources Inc (NASDAQ:RGCO) Senior VP and Secretary Lawrence T. Oliver reported purchasing 9.569 shares of common stock on November 3, 2025. The shares were bought at a price of $20.90, for a total transaction value of $199. The stock currently trades at $21.01, with the company valued at approximately $217 million. According to InvestingPro data, RGCO appears overvalued compared to its Fair Value.

Following the transaction, Oliver directly owns 23994.978 shares of RGC Resources Inc. common stock, which includes shares purchased through dividends reinvested in the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan and Restricted Stock Plan. InvestingPro highlights that RGCO has maintained dividend payments for 32 consecutive years and currently offers a 3.98% dividend yield.

Oliver also holds employee stock options for 5,000 shares at an exercise price of $27.87, exercisable from October 1, 2020, expiring on April 1, 2030; 3,000 shares at an exercise price of $22.93, exercisable from November 26, 2021, expiring on May 26, 2031; 1,000 shares at an exercise price of $19.90, exercisable from January 25, 2023, expiring on July 25, 2032; and 5,000 shares at an exercise price of $16.62, exercisable from April 18, 2024, expiring on October 18, 2033. Investors should note that RGCO is set to report earnings on November 12, 2025. For comprehensive analysis and additional insights, check out the Pro Research Report available on InvestingPro.

In other recent news, RGC Resources reported its earnings for the third quarter of fiscal 2025, exceeding market expectations. The company achieved an earnings per share (EPS) of $0.05, surpassing the projected $0.04. Net income saw a significant increase, rising to $538,000 from $157,000 in the same quarter last year. In addition to the earnings announcement, RGC Resources declared a quarterly dividend of $0.2075 per share on its common stock. This dividend will be paid to shareholders of record as of October 17, 2025, with the payment scheduled for November 3, 2025. These developments highlight RGC Resources’ financial performance and shareholder returns. The company’s board of directors approved the dividend, reflecting confidence in its financial stability.

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