Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $115,850.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 5,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the transaction, the insider now directly owns 409,510 shares of the company’s stock, valued at $9,488,346.70. The trade was a 1.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

• On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.95, for a total transaction of $299,375.00.
• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.02, for a total transaction of $720,600.00.
• On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.50, for a total value of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.70, for a total value of $207,000.00.
• On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.39, for a total value of $427,800.00.
• On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.02, for a total transaction of $210,200.00.
• On Monday, October 14th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.50, for a total transaction of $205,000.00.

Atlas Energy Solutions Trading Down 1.8 %

AESI stock traded down $0.41 on Tuesday, reaching $22.60. The company’s stock had a trading volume of 215,330 shares, compared to its average volume of 960,516. The firm has a market cap of $2.49 billion, a PE ratio of 29.13, a PEG ratio of 11.53 and a beta of 0.96. The business has a fifty day simple moving average of $21.43 and a two-hundred day simple moving average of $20.99. Atlas Energy Solutions Inc. has a 12-month low of $15.55 and a 12-month high of $24.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was up 93.1% on a year-over-year basis. As a group, research analysts forecast that Atlas Energy Solutions Inc. will post 0.88 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.24 per share. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.25%. Atlas Energy Solutions’s dividend payout ratio is 121.52%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cooke & Bieler LP lifted its position in Atlas Energy Solutions by 775.7% during the 2nd quarter. Cooke & Bieler LP now owns 1,699,013 shares of the company’s stock valued at $33,861,000 after acquiring an additional 1,504,988 shares during the period. Wellington Management Group LLP purchased a new position in shares of Atlas Energy Solutions during the third quarter valued at approximately $17,314,000. Meridian Wealth Advisors LLC boosted its position in shares of Atlas Energy Solutions by 25.8% in the 2nd quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company’s stock worth $53,362,000 after purchasing an additional 548,620 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Atlas Energy Solutions in the 2nd quarter worth approximately $8,898,000. Finally, First Sabrepoint Capital Management LP purchased a new stake in shares of Atlas Energy Solutions in the 3rd quarter worth approximately $8,066,000. Institutional investors own 34.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research note on Friday. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Barclays cut shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $23.00 to $19.00 in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.