RGC Resources senior VP Lawrence T. Oliver buys $199 in stock By Investing.com

Lawrence T. Oliver, Senior Vice President and Secretary at RGC Resources Inc. (), acquired common stock in the company on September 1, 2026. The transaction involved the purchase of 9.272 shares at a price of $21.57 per share, totaling $199. The purchase came as the stock trades near its 52-week low of $20.55, with shares currently at $21.68.

These shares were obtained through an optional cash contribution made pursuant to the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan. The company offers a 4% dividend yield and has maintained dividend payments for 33 consecutive years, according to InvestingPro data, which currently shows the stock trading above its Fair Value estimate. Following this transaction, Mr. Oliver directly holds 30,156.187 shares of RGC Resources common stock.

The filing also reported Mr. Oliver’s existing holdings of employee stock options. These include 5,000 options with an exercise price of $27.87, set to expire in April 2030; 3,000 options at $22.93, expiring in May 2031; 1,000 options at $19.90, expiring in July 2032; and 5,000 options at $16.62, expiring in October 2033. No derivative security transactions were reported in this filing.

In other recent news, RGC Resources reported its third-quarter fiscal 2026 earnings, aligning with Wall Street’s estimates. The utility company posted earnings of 5 cents per share, which met analyst projections. However, the revenue for the quarter was $17.11 million, falling short of the anticipated $18.2 million. This revenue miss represents a shortfall of approximately 6% from forecasts. Despite the revenue miss, interim rates, new stay revenues, and higher industrial volumes provided some support against weaker demand patterns. Management has indicated that margins and net income might be lower in the second half of the fiscal year. The company is also addressing damage to its LNG facility while planning for long-term supply and storage solutions. RGC Resources noted a 4.6% increase in earnings for the first nine months of fiscal 2026 compared to the previous year.

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