SG Americas Securities LLC Raises Stock Holdings in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

SG Americas Securities LLC boosted its holdings in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 40.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,563 shares of the company’s stock after purchasing an additional 5,074 shares during the quarter. SG Americas Securities LLC’s holdings in Solaris Oilfield Infrastructure were worth $140,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SOI. PNC Financial Services Group Inc. purchased a new position in shares of Solaris Oilfield Infrastructure in the second quarter valued at approximately $25,000. New York State Teachers Retirement System purchased a new position in Solaris Oilfield Infrastructure in the 3rd quarter valued at $31,000. Quarry LP boosted its stake in Solaris Oilfield Infrastructure by 66.9% during the 1st quarter. Quarry LP now owns 4,091 shares of the company’s stock worth $35,000 after purchasing an additional 1,640 shares during the last quarter. BNP Paribas Arbitrage SNC lifted 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 buying an additional 1,576 shares in the last quarter. Finally, Citigroup Inc. acquired a new position in Solaris Oilfield Infrastructure during the second quarter worth about $82,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on SOI shares. Stifel Nicolaus cut their price objective on shares of Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd. TheStreet cut Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th.

Insider Activity

In other news, insider Christopher M. Powell sold 17,500 shares of Solaris Oilfield Infrastructure stock in a transaction on Friday, March 15th. The stock was sold at an average price of $8.50, for a total value of $148,750.00. Following the completion of the sale, the insider now directly owns 130,202 shares of the company’s stock, valued at $1,106,717. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 34.71% of the company’s stock.

Solaris Oilfield Infrastructure Trading Down 2.1 %

Shares of Solaris Oilfield Infrastructure stock opened at $8.34 on Wednesday. Solaris Oilfield Infrastructure, Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $11.32. The stock has a 50 day moving average of $8.29 and a 200 day moving average of $8.46. The firm has a market capitalization of $358.49 million, a price-to-earnings ratio of 10.82 and a beta of 1.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.63 and a current ratio of 1.80.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Monday, February 26th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Solaris Oilfield Infrastructure had a net margin of 8.31% and a return on equity of 12.01%. The company had revenue of $63.35 million for the quarter, compared to analysts’ expectations of $65.55 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. As a group, research analysts predict that Solaris Oilfield Infrastructure, Inc. will post 0.52 earnings per share for the current year.

Solaris Oilfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.76%. Solaris Oilfield Infrastructure’s payout ratio is presently 62.34%.

Solaris Oilfield Infrastructure 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.