Atlas Energy Solutions Inc. (NYSE:AESI) Stock Position Lowered by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,859,476 shares of the company’s stock after selling 122,710 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Atlas Energy Solutions were worth $63,423,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its position in shares of Atlas Energy Solutions by 62.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after buying an additional 523 shares during the period. Global Retirement Partners LLC raised its position in Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock valued at $43,000 after buying an additional 1,276 shares during the period. Quest Partners LLC purchased a new stake in Atlas Energy Solutions in the 3rd quarter worth about $48,000. Promus Capital LLC acquired a new stake in Atlas Energy Solutions during the 4th quarter worth about $55,000. Finally, FMR LLC grew its stake in Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after acquiring an additional 1,355 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AESI. 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 for the company. Piper Sandler started coverage on shares of Atlas Energy Solutions in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $22.00 target price for the company. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Benchmark dropped their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Stephens lifted their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.83.

Atlas Energy Solutions Stock Down 1.7 %

Atlas Energy Solutions stock opened at $17.77 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions Inc. has a fifty-two week low of $16.98 and a fifty-two week high of $26.86. The firm has a fifty day moving average price of $20.48 and a two-hundred day moving average price of $21.32. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 22.49 and a beta of 1.18.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). The business had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. As a group, analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 5.63%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s payout ratio is 178.57%.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Gregory M. Shepard acquired 32,155 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $19.04 per share, with a total value of $612,231.20. Following the acquisition, the insider now owns 7,651,210 shares of the company’s stock, valued at $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $24.46, for a total value of $305,750.00. Following the completion of the transaction, the insider now owns 362,010 shares of the company’s stock, valued at $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $1,164,750 in the last ninety days. 24.34% of the stock is currently owned by insiders.

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.