Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Director James R. Burke Sells 6,400 Shares

Solaris Oilfield Infrastructure, Inc. (NYSE:SOIGet Rating) Director James R. Burke sold 6,400 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $12.57, for a total transaction of $80,448.00. Following the completion of the sale, the director now directly owns 15,687 shares of the company’s stock, valued at approximately $197,185.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Solaris Oilfield Infrastructure stock opened at $12.68 on Tuesday. The company has a 50 day moving average price of $11.30 and a 200-day moving average price of $8.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.32 and a current ratio of 2.38. Solaris Oilfield Infrastructure, Inc. has a fifty-two week low of $6.11 and a fifty-two week high of $12.79. The company has a market capitalization of $590.43 million, a PE ratio of 115.28 and a beta of 1.38.

Solaris Oilfield Infrastructure (NYSE:SOIGet Rating) last posted its quarterly earnings results on Monday, February 21st. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. Solaris Oilfield Infrastructure had a net margin of 2.03% and a return on equity of 1.29%. The firm had revenue of $45.96 million during the quarter, compared to the consensus estimate of $41.20 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. On average, analysts forecast that Solaris Oilfield Infrastructure, Inc. will post 0.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Tuesday, June 7th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 3.31%. The ex-dividend date is Monday, June 6th. Solaris Oilfield Infrastructure’s payout ratio is 381.85%.

Several brokerages have issued reports on SOI. Piper Sandler raised their price objective on shares of Solaris Oilfield Infrastructure from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, March 7th. Zacks Investment Research raised shares of Solaris Oilfield Infrastructure from a “hold” rating to a “strong-buy” rating and set a $9.75 price objective for the company in a research note on Saturday, February 26th. Finally, Cowen decreased their price objective on shares of Solaris Oilfield Infrastructure from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, February 23rd.

A number of hedge funds have recently modified their holdings of SOI. Ellevest Inc. increased its holdings in Solaris Oilfield Infrastructure by 74.8% during the first quarter. Ellevest Inc. now owns 3,220 shares of the company’s stock valued at $36,000 after buying an additional 1,378 shares during the period. Citigroup Inc. increased its holdings in Solaris Oilfield Infrastructure by 127.2% during the fourth quarter. Citigroup Inc. now owns 7,969 shares of the company’s stock valued at $52,000 after buying an additional 4,462 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Solaris Oilfield Infrastructure by 270.3% during the third quarter. BNP Paribas Arbitrage SA now owns 7,039 shares of the company’s stock valued at $59,000 after buying an additional 5,138 shares during the period. First Hawaiian Bank purchased a new position in Solaris Oilfield Infrastructure during the fourth quarter valued at approximately $68,000. Finally, Barclays PLC increased its holdings in Solaris Oilfield Infrastructure by 166.9% during the third quarter. Barclays PLC now owns 13,262 shares of the company’s stock valued at $111,000 after buying an additional 8,293 shares during the period. 70.21% of the stock is currently owned by institutional investors.

About Solaris Oilfield Infrastructure (Get Rating)

Solaris Oilfield Infrastructure, Inc designs, manufactures, and sells mobile equipment 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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