Brian Anthony Leveille Sells 10,000 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $20.70, for a total value of $207,000.00. Following the completion of the transaction, the insider now owns 482,010 shares of the company’s stock, valued at $9,977,607. This represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 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 Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The shares were 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 stock was sold at an average price of $21.02, for a total value 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 value of $205,000.00.

Atlas Energy Solutions Stock Up 9.6 %

AESI opened at $23.58 on Friday. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93. The stock’s fifty day simple moving average is $21.04 and its 200 day simple moving average is $21.05. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.60 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 11.57 and a beta of 0.69.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. During the same quarter last year, the company posted $0.51 EPS. The firm’s revenue was up 93.1% on a year-over-year basis. As a group, research analysts expect that Atlas Energy Solutions Inc. will post 0.8 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, November 7th. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio is 121.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Atlas Energy Solutions by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock valued at $104,409,000 after buying an additional 33,286 shares in the last quarter. Sei Investments Co. grew its holdings in Atlas Energy Solutions by 119.0% in the 1st quarter. Sei Investments Co. now owns 88,106 shares of the company’s stock valued at $1,993,000 after buying an additional 47,882 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Atlas Energy Solutions in the 1st quarter valued at $8,728,000. Swiss National Bank acquired a new position in Atlas Energy Solutions in the 1st quarter valued at $893,000. Finally, Clearbridge Investments LLC grew its holdings in Atlas Energy Solutions by 38.2% in the 1st quarter. Clearbridge Investments LLC now owns 2,305,271 shares of the company’s stock valued at $52,145,000 after buying an additional 636,785 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AESI has been the subject of a number of recent research reports. Benchmark reaffirmed a “buy” rating and set a $27.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. The Goldman Sachs Group downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $21.00 in a research report on Thursday, November 7th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Stephens reaffirmed an “overweight” rating and set a $28.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Finally, Pickering Energy Partners cut Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.44.

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.