325,000 Shares in Atlas Energy Solutions Inc. $AESI Bought by Yaupon Capital Management LP

Yaupon Capital Management LP acquired a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 325,000 shares of the company’s stock, valued at approximately $5,798,000. Yaupon Capital Management LP owned about 0.27% of Atlas Energy Solutions at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Atlas Energy Solutions by 16.5% in the 1st quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock worth $143,695,000 after purchasing an additional 1,139,352 shares during the last quarter. Copeland Capital Management LLC grew its stake in Atlas Energy Solutions by 42.5% in the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company’s stock worth $57,152,000 after purchasing an additional 955,818 shares in the last quarter. Cooke & Bieler LP increased its holdings in Atlas Energy Solutions by 2.3% in the first quarter. Cooke & Bieler LP now owns 2,600,093 shares of the company’s stock valued at $46,386,000 after buying an additional 57,546 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in Atlas Energy Solutions in the first quarter valued at about $43,614,000. Finally, Villere ST Denis J & Co. LLC raised its stake in Atlas Energy Solutions by 0.4% during the first quarter. Villere ST Denis J & Co. LLC now owns 1,746,627 shares of the company’s stock valued at $31,160,000 after buying an additional 6,904 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AESI shares. Stifel Nicolaus decreased their target price on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Piper Sandler reduced their price objective on Atlas Energy Solutions from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Finally, Citigroup lowered their target price on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.83.

Atlas Energy Solutions Stock Down 0.7%

Shares of Atlas Energy Solutions stock opened at $10.72 on Tuesday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 76.54 and a beta of 1.19. Atlas Energy Solutions Inc. has a twelve month low of $10.59 and a twelve month high of $26.86. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $12.62 and its 200-day simple moving average is $14.13.

Atlas Energy Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date was Thursday, August 14th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 714.29%.

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.