Assenagon Asset Management S.A. purchased a new position in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 191,014 shares of the company’s stock, valued at approximately $1,520,000.
Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in shares of Solaris Oilfield Infrastructure during the second quarter worth approximately $25,000. New York State Teachers Retirement System bought a new position in Solaris Oilfield Infrastructure during the third quarter valued at approximately $31,000. Quarry LP raised its position in Solaris Oilfield Infrastructure by 66.9% during the first quarter. Quarry LP now owns 4,091 shares of the company’s stock valued at $35,000 after acquiring an additional 1,640 shares in the last quarter. BNP Paribas Arbitrage SNC raised its position in Solaris Oilfield Infrastructure by 22.8% during the second quarter. BNP Paribas Arbitrage SNC now owns 8,485 shares of the company’s stock valued at $71,000 after acquiring an additional 1,576 shares in the last quarter. Finally, Citigroup Inc. bought a new position in Solaris Oilfield Infrastructure during the second quarter valued at approximately $82,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Christopher M. Powell sold 17,500 shares of Solaris Oilfield Infrastructure stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $8.50, for a total value of $148,750.00. Following the transaction, the insider now owns 130,202 shares of the company’s stock, valued at $1,106,717. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 31.27% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. TheStreet lowered shares of Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th.
Check Out Our Latest Research Report on Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure Price Performance
Shares of SOI opened at $8.94 on Friday. Solaris Oilfield Infrastructure, Inc. has a twelve month low of $6.59 and a twelve month high of $11.32. The firm has a market cap of $384.52 million, a PE ratio of 11.61 and a beta of 1.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.63 and a current ratio of 1.80. The firm’s 50 day moving average price is $8.13 and its 200 day moving average price is $8.57.
Solaris Oilfield Infrastructure (NYSE:SOI – Get Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Solaris Oilfield Infrastructure had a net margin of 8.31% and a return on equity of 12.01%. The company had revenue of $63.35 million for the quarter, compared to analyst estimates of $65.55 million. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, research analysts expect that Solaris Oilfield Infrastructure, Inc. will post 0.59 EPS for the current fiscal year.
Solaris Oilfield Infrastructure Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Friday, March 8th. Solaris Oilfield Infrastructure’s dividend payout ratio is 62.34%.
Solaris Oilfield Infrastructure Company Profile
Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.
Further Reading
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