Cim LLC purchased a new stake in shares of Solaris Oilfield Infrastructure Inc (NYSE:SOI) during the first quarter, HoldingsChannel reports. The firm purchased 10,635 shares of the company’s stock, valued at approximately $175,000.
A number of other institutional investors also recently modified their holdings of the business. Segall Bryant & Hamill LLC acquired a new stake in shares of Solaris Oilfield Infrastructure in the fourth quarter worth $5,912,000. Boston Partners increased its stake in shares of Solaris Oilfield Infrastructure by 145.2% in the fourth quarter. Boston Partners now owns 773,337 shares of the company’s stock worth $9,350,000 after acquiring an additional 457,917 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Solaris Oilfield Infrastructure by 175.3% in the third quarter. Dimensional Fund Advisors LP now owns 625,599 shares of the company’s stock worth $11,818,000 after acquiring an additional 398,370 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in shares of Solaris Oilfield Infrastructure in the first quarter worth $5,622,000. Finally, Icon Advisers Inc. Co. acquired a new stake in shares of Solaris Oilfield Infrastructure in the first quarter worth $3,354,000. Institutional investors and hedge funds own 85.07% of the company’s stock.
Shares of NYSE SOI opened at $17.23 on Thursday. Solaris Oilfield Infrastructure Inc has a 1 year low of $10.50 and a 1 year high of $19.31. The firm has a market cap of $809.46 million, a P/E ratio of 10.20 and a beta of 1.79. The company has a current ratio of 2.47, a quick ratio of 2.08 and a debt-to-equity ratio of 0.23.
Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. Solaris Oilfield Infrastructure had a net margin of 22.57% and a return on equity of 29.34%. The firm had revenue of $55.12 million for the quarter, compared to the consensus estimate of $54.31 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year. On average, research analysts anticipate that Solaris Oilfield Infrastructure Inc will post 1.93 EPS for the current year.
A number of analysts have recently weighed in on the stock. Cowen reiterated an “outperform” rating and issued a $21.00 price objective (up previously from $20.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday, May 2nd. TheStreet upgraded shares of Solaris Oilfield Infrastructure from a “c” rating to a “b-” rating in a research note on Monday. Johnson Rice set a $24.00 price target on shares of Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a report on Thursday, February 28th. Zacks Investment Research raised shares of Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, B. Riley assumed coverage on shares of Solaris Oilfield Infrastructure in a report on Wednesday, March 13th. They set a “buy” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $19.94.
In other Solaris Oilfield Infrastructure news, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $15.58, for a total transaction of $31,160,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James R. Burke sold 8,809 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $16.76, for a total transaction of $147,638.84. The disclosure for this sale can be found here. Corporate insiders own 14.18% of the company’s stock.
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About Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure, Inc manufactures and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. Its systems to transfer large quantities of proppant and chemicals to the well sites.
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