Stacy Hock Sells 8,571 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Stacy Hock sold 8,571 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total value of $193,276.05. Following the completion of the sale, the insider now directly owns 917,604 shares of the company's stock, valued at $20,691,970.20. This represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Stacy Hock also recently made the following trade(s):

• On Wednesday, November 13th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.12, for a total transaction of $181,019.52.
• On Thursday, October 3rd, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.49, for a total transaction of $184,190.79.

Atlas Energy Solutions Trading Up 0.5 %

Shares of Atlas Energy Solutions stock traded up $0.11 during trading on Friday, reaching $21.44. 2,035,416 shares of the company were exchanged, compared to its average volume of 968,396. Atlas Energy Solutions Inc. has a twelve month low of $15.55 and a twelve month high of $24.93. The business has a 50-day moving average price of $21.45 and a 200-day moving average price of $20.98. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 11.53 and a beta of 0.96.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (EPS) 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 net margin of 8.78% and a return on equity of 11.01%. The firm's revenue for the quarter was up 93.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Sell-side analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a $0.24 dividend. The ex-dividend date was Thursday, November 7th. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.48%. Atlas Energy Solutions's payout ratio is currently 121.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Atlas Energy Solutions by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company's stock worth $53,740,000 after buying an additional 30,082 shares in the last quarter. Meridian Wealth Advisors LLC raised its holdings in shares of Atlas Energy Solutions by 25.8% in the second quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company's stock valued at $53,362,000 after purchasing an additional 548,620 shares during the last quarter. Copeland Capital Management LLC lifted its position in shares of Atlas Energy Solutions by 19.8% in the third quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company's stock worth $41,072,000 after purchasing an additional 311,228 shares in the last quarter. State Street Corp boosted its holdings in Atlas Energy Solutions by 15.0% during the third quarter. State Street Corp now owns 1,751,059 shares of the company's stock worth $38,173,000 after purchasing an additional 227,776 shares during the last quarter. Finally, Cooke & Bieler LP grew its position in Atlas Energy Solutions by 775.7% in the second quarter. Cooke & Bieler LP now owns 1,699,013 shares of the company's stock valued at $33,861,000 after purchasing an additional 1,504,988 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AESI. Royal Bank of Canada restated an "outperform" rating and issued a $25.00 price objective on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They issued a "neutral" rating and a $23.00 price target on the stock. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Barclays downgraded Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Finally, Citigroup cut Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their price target for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Four 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, Atlas Energy Solutions presently has an average rating of "Moderate Buy" and an average target price of $24.67.

About Atlas Energy Solutions

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.