Solaris Oilfield Infrastructure (NYSE:SOI) Share Price Crosses Below 200 Day Moving Average of $9.46

Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI – Get Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.46 and traded as low as $7.91. Solaris Oilfield Infrastructure shares last traded at $8.00, with a volume of 185,274 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup decreased their price target on Solaris Oilfield Infrastructure from $9.50 to $8.00 in a research note on Thursday, May 18th.

Solaris Oilfield Infrastructure Trading Down 3.0 %

The company has a 50 day moving average of $8.03 and a 200 day moving average of $9.46. The company has a current ratio of 1.56, a quick ratio of 1.42 and a debt-to-equity ratio of 0.33. The firm has a market cap of $366.40 million, a price-to-earnings ratio of 10.53 and a beta of 1.46.

Solaris Oilfield Infrastructure (NYSE:SOI – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $84.05 million for the quarter, compared to analyst estimates of $93.40 million. Solaris Oilfield Infrastructure had a return on equity of 13.40% and a net margin of 7.29%. As a group, research analysts anticipate that Solaris Oilfield Infrastructure, Inc. will post 0.86 EPS for the current year.

Solaris Oilfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Tuesday, June 6th will be issued a $0.11 dividend. The ex-dividend date is Monday, June 5th. This represents a $0.44 dividend on an annualized basis and a yield of 5.50%. Solaris Oilfield Infrastructure’s dividend payout ratio is presently 57.90%.

Institutional Investors Weigh In On Solaris Oilfield Infrastructure

Several large investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Solaris Oilfield Infrastructure by 0.5% in the first quarter. BlackRock Inc. now owns 2,590,553 shares of the company’s stock worth $29,247,000 after acquiring an additional 11,736 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Solaris Oilfield Infrastructure by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,661,989 shares of the company’s stock worth $15,556,000 after acquiring an additional 6,939 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Solaris Oilfield Infrastructure by 13.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,439,140 shares of the company’s stock worth $12,290,000 after acquiring an additional 176,102 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Solaris Oilfield Infrastructure by 11.7% in the first quarter. Wellington Management Group LLP now owns 1,405,375 shares of the company’s stock worth $12,002,000 after acquiring an additional 146,800 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Solaris Oilfield Infrastructure by 3.3% in the fourth quarter. Schroder Investment Management Group now owns 1,295,084 shares of the company’s stock worth $12,860,000 after acquiring an additional 41,731 shares in the last quarter. 51.16% of the stock is currently owned by institutional investors.

About Solaris Oilfield Infrastructure

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Solaris Oilfield Infrastructure, Inc operates as a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant at oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.