Atlas Energy Solutions Inc. (NYSE:AESI) Shares Purchased by Outfitter Financial LLC

Outfitter Financial LLC grew its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 14.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,540 shares of the company’s stock after buying an additional 4,400 shares during the quarter. Outfitter Financial LLC’s holdings in Atlas Energy Solutions were worth $595,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AESI. Raymond James Financial Services Advisors Inc. purchased a new stake in Atlas Energy Solutions during the third quarter worth $292,000. Bank of New York Mellon Corp raised its position in Atlas Energy Solutions by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 57,602 shares of the company’s stock worth $1,280,000 after acquiring an additional 9,833 shares during the last quarter. Indie Asset Partners LLC acquired a new position in Atlas Energy Solutions during the third quarter worth about $6,483,000. Panagora Asset Management Inc. acquired a new stake in shares of Atlas Energy Solutions in the third quarter valued at approximately $629,000. Finally, Ieq Capital LLC acquired a new stake in shares of Atlas Energy Solutions in the third quarter valued at approximately $269,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays increased their target price on Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Royal Bank of Canada lifted their price objective on Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Raymond James boosted their target price on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a report on Thursday, March 14th. They set a “buy” rating and a $24.00 price objective on the stock. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $25.17.

Atlas Energy Solutions Trading Down 0.6 %

NYSE:AESI traded down $0.13 on Friday, hitting $22.86. 136,260 shares of the stock were exchanged, compared to its average volume of 756,033. Atlas Energy Solutions Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $24.69. The stock has a fifty day moving average of $22.19 and a 200-day moving average of $19.12. The company has a current ratio of 3.44, a quick ratio of 3.21 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.29 billion, a PE ratio of 14.66, a PEG ratio of 0.54 and a beta of 0.66.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings data on Monday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.12). Atlas Energy Solutions had a return on equity of 47.40% and a net margin of 17.17%. The business had revenue of $192.67 million during the quarter, compared to analyst estimates of $196.39 million. During the same period in the previous year, the company earned $0.03 EPS. Atlas Energy Solutions’s revenue was up 25.6% on a year-over-year basis. As a group, equities analysts expect that Atlas Energy Solutions Inc. will post 2.93 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be given a $0.22 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 15th. This represents a $0.88 annualized dividend and a yield of 3.85%. Atlas Energy Solutions’s dividend payout ratio (DPR) is 40.76%.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Richard W. Schmidt sold 166,710 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $21.94, for a total transaction of $3,657,617.40. Following the completion of the sale, the insider now owns 1,140,596 shares in the company, valued at approximately $25,024,676.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Stacy Hock sold 50,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $19.97, for a total transaction of $998,500.00. Following the sale, the insider now directly owns 970,738 shares in the company, valued at approximately $19,385,637.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Richard W. Schmidt sold 166,710 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $21.94, for a total transaction of $3,657,617.40. Following the transaction, the insider now directly owns 1,140,596 shares of the company’s stock, valued at approximately $25,024,676.24. The disclosure for this sale can be found here. Insiders have sold 246,860 shares of company stock worth $5,332,121 over the last 90 days. Company insiders own 24.34% of the company’s stock.

Atlas Energy Solutions 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.