Brian Anthony Leveille Sells 5,000 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $23.00, for a total transaction of $115,000.00. Following the sale, the insider now owns 404,510 shares in the company, valued at $9,303,730. This represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.17, for a total transaction of $115,850.00.
• On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.95, for a total value of $299,375.00.
• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $24.02, for a total value 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 transaction 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 Up 0.7 %

Shares of AESI stock opened at $22.40 on Wednesday. The business’s 50 day moving average is $22.01 and its two-hundred day moving average is $21.13. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93. The company has a market cap of $2.47 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 11.53 and a beta of 1.03.

Atlas Energy Solutions (NYSE:AESI) last released its 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). The firm had revenue of $304.40 million for the quarter, compared to analyst estimates of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm’s quarterly revenue was up 93.1% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. Equities analysts predict 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. Stockholders of record on Thursday, November 7th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.29%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s payout ratio is presently 121.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AESI shares. The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price target on the stock. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price target on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Finally, Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.67.

Institutional Trading of Atlas Energy Solutions

Institutional investors have recently bought and sold shares of the business. Amalgamated Bank raised its position in shares of Atlas Energy Solutions by 328.1% during the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares during the period. Quest Partners LLC bought a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $48,000. FMR LLC lifted its stake in Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after acquiring an additional 1,355 shares during the last quarter. CWM LLC increased its position in Atlas Energy Solutions by 47.1% during the third quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after buying an additional 886 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Atlas Energy Solutions in the 2nd quarter valued at $74,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

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.