XTX Topco Ltd Acquires Shares of 116,832 Atlas Energy Solutions Inc. (NYSE:AESI)

Key Points

• XTX Topco Ltd has made a new investment in Atlas Energy Solutions Inc., acquiring 116,832 shares for approximately $2,084,000, representing a 0.10% ownership stake.
• Analysts have adjusted price targets for Atlas Energy Solutions, with Goldman Sachs lowering it from $22.00 to $15.00 and others suggesting a range between $14.00 and $17.00, indicating various assessments of the stock's performance.
• The company recently declared a quarterly dividend of $0.25, yielding 7.58%, though it has a significant payout ratio of 322.58%.

XTX Topco Ltd purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 116,832 shares of the company's stock, valued at approximately $2,084,000. XTX Topco Ltd owned approximately 0.10% of Atlas Energy Solutions at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AESI. Thrivent Financial for Lutherans purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter worth $1,039,000. American Century Companies Inc. lifted its stake in shares of Atlas Energy Solutions by 299.3% during the 4th quarter. American Century Companies Inc. now owns 276,865 shares of the company's stock worth $6,141,000 after purchasing an additional 207,523 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Atlas Energy Solutions by 15.5% during the 4th quarter. Sei Investments Co. now owns 213,857 shares of the company's stock worth $4,744,000 after purchasing an additional 28,639 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter worth $155,000. Finally, Vanguard Group Inc. lifted its stake in shares of Atlas Energy Solutions by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after purchasing an additional 773,035 shares during the last quarter. Institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded down $0.48 during trading on Friday, hitting $12.52. The stock had a trading volume of 1,784,559 shares, compared to its average volume of 1,240,033. Atlas Energy Solutions Inc. has a 12-month low of $11.76 and a 12-month high of $26.86. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 40.39 and a beta of 1.20. The company has a quick ratio of 1.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The stock has a 50-day simple moving average of $13.63 and a two-hundred day simple moving average of $16.28.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. The firm had revenue of $297.59 million during the quarter, compared to analysts' expectations of $291.13 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company's revenue for the quarter was up 54.5% compared to the same quarter last year. On average, equities research analysts expect that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 322.58%.

Wall Street Analyst Weigh In

AESI has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price objective on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus lowered their price target on Atlas Energy Solutions from $15.00 to $14.50 and set a "buy" rating for the company in a report on Wednesday, July 16th. Royal Bank Of Canada dropped their price target on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Piper Sandler restated a "neutral" rating and set a $16.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, July 15th. Finally, Citigroup dropped their price target on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $19.11.

Insider Activity

In related news, Director Douglas G. Rogers purchased 7,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, May 14th. The stock was bought at an average cost of $13.27 per share, for a total transaction of $92,890.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at $132,700. The trade was a 233.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Ben M. Brigham purchased 9,635 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average price of $13.38 per share, with a total value of $128,916.30. Following the completion of the transaction, the chairman owned 572,397 shares of the company's stock, valued at $7,658,671.86. This represents a 1.71% increase in their position. The disclosure for this purchase can be found here. Company insiders own 15.98% of the company's stock.

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.