Vanguard Group Inc. Has $17.95 Million Position in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Vanguard Group Inc. increased its stake in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 0.7% during the 3rd quarter, Holdings Channel reports. The fund owned 1,683,678 shares of the company’s stock after acquiring an additional 11,006 shares during the period. Vanguard Group Inc.’s holdings in Solaris Oilfield Infrastructure were worth $17,948,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SOI. Envestnet Asset Management Inc. boosted its position in shares of Solaris Oilfield Infrastructure by 38.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,355 shares of the company’s stock worth $173,000 after purchasing an additional 4,266 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Solaris Oilfield Infrastructure by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 417,905 shares of the company’s stock worth $4,718,000 after acquiring an additional 34,645 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Solaris Oilfield Infrastructure in the first quarter valued at approximately $189,000. BlackRock Inc. grew its stake in Solaris Oilfield Infrastructure by 0.5% in the first quarter. BlackRock Inc. now owns 2,590,553 shares of the company’s stock valued at $29,247,000 after acquiring an additional 11,736 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Solaris Oilfield Infrastructure by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 971,243 shares of the company’s stock valued at $10,965,000 after acquiring an additional 71,892 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SOI has been the topic of a number of recent research reports. TheStreet cut Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Stifel Nicolaus dropped 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 note on Wednesday, January 3rd.

Insiders Place Their Bets

In other Solaris Oilfield Infrastructure 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 transaction of $148,750.00. Following the transaction, the insider now owns 130,202 shares of the company’s stock, valued at approximately $1,106,717. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 31.27% of the stock is currently owned by insiders.

Solaris Oilfield Infrastructure Stock Down 3.2 %

SOI stock opened at $8.53 on Monday. The firm has a market capitalization of $366.88 million, a PE ratio of 11.08 and a beta of 1.29. The company has a quick ratio of 1.63, a current ratio of 1.80 and a debt-to-equity ratio of 0.33. Solaris Oilfield Infrastructure, Inc. has a twelve month low of $6.59 and a twelve month high of $11.32. The stock’s 50 day moving average is $8.25 and its 200-day moving average is $8.49.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $63.35 million for the quarter, compared to analysts’ expectations of $65.55 million. Solaris Oilfield Infrastructure had a return on equity of 12.01% and a net margin of 8.31%. During the same period last year, the business earned $0.22 EPS. Sell-side analysts expect that Solaris Oilfield Infrastructure, Inc. will post 0.52 EPS for the current fiscal year.

Solaris Oilfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend was 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 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.