Adage Capital Partners GP L.L.C. cut its position in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI – Free Report) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 794,551 shares of the company’s stock after selling 10,000 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Solaris Oilfield Infrastructure were worth $8,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth approximately $25,000. New York State Teachers Retirement System acquired a new stake in shares of Solaris Oilfield Infrastructure in the third quarter worth approximately $31,000. Quarry LP boosted its stake in shares of Solaris Oilfield Infrastructure by 66.9% in the first quarter. Quarry LP now owns 4,091 shares of the company’s stock worth $35,000 after acquiring an additional 1,640 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its stake in shares of Solaris Oilfield Infrastructure by 22.8% in the second quarter. BNP Paribas Arbitrage SNC now owns 8,485 shares of the company’s stock worth $71,000 after acquiring an additional 1,576 shares during the last quarter. Finally, Citigroup Inc. acquired a new stake in shares of Solaris Oilfield Infrastructure in the second quarter worth approximately $82,000. 51.07% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. TheStreet downgraded Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Stifel Nicolaus dropped their target price on Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd.
Read Our Latest Analysis on Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure Stock Up 4.7 %
Shares of NYSE:SOI opened at $8.32 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.80 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $7.62 and a two-hundred day moving average of $8.82. The stock has a market cap of $357.84 million, a P/E ratio of 10.81 and a beta of 1.29. Solaris Oilfield Infrastructure, Inc. has a 52-week low of $6.59 and a 52-week high of $11.32.
Solaris Oilfield Infrastructure (NYSE:SOI – Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Solaris Oilfield Infrastructure had a return on equity of 12.01% and a net margin of 8.31%. The business had revenue of $63.35 million for the quarter, compared to analyst estimates of $65.55 million. During the same quarter in the prior year, the company posted $0.22 EPS. On average, research analysts expect that Solaris Oilfield Infrastructure, Inc. will post 0.7 earnings per share for the current year.
Solaris Oilfield Infrastructure Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Monday, March 11th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Friday, March 8th. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is presently 62.34%.
Solaris Oilfield Infrastructure Company Profile
Solaris Oilfield Infrastructure, Inc designs and manufactures mobile proppant management systems that are used to unload, store, and deliver proppant, water, and chemicals at oil and natural gas well sites in the United States. It is involved in the transloading and storage of proppant or railcars at its transloading facility.
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