Strs Ohio Has $455,000 Position in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Strs Ohio increased its stake in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,200 shares of the company’s stock after buying an additional 5,600 shares during the quarter. Strs Ohio’s holdings in Solaris Oilfield Infrastructure were worth $455,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. acquired a new stake in Solaris Oilfield Infrastructure during the fourth quarter worth approximately $1,520,000. SG Americas Securities LLC boosted its holdings in shares of Solaris Oilfield Infrastructure by 40.6% in the 4th quarter. SG Americas Securities LLC now owns 17,563 shares of the company’s stock valued at $140,000 after purchasing an additional 5,074 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of Solaris Oilfield Infrastructure in the 4th quarter valued at $83,000. Vanguard Group Inc. boosted its holdings in shares of Solaris Oilfield Infrastructure by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,683,678 shares of the company’s stock valued at $17,948,000 after purchasing an additional 11,006 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Solaris Oilfield Infrastructure by 83.1% in the 3rd quarter. GSA Capital Partners LLP now owns 82,319 shares of the company’s stock valued at $878,000 after purchasing an additional 37,362 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Transactions at Solaris Oilfield Infrastructure

In other news, insider Christopher M. Powell sold 17,500 shares of Solaris Oilfield Infrastructure stock in a transaction dated 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 transaction, the insider now directly owns 130,202 shares of the company’s stock, valued at approximately $1,106,717. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 34.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reduced their target price on Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. TheStreet downgraded Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th.

Solaris Oilfield Infrastructure Trading Up 13.9 %

NYSE SOI opened at $9.64 on Monday. 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 company has a market cap of $414.63 million, a price-to-earnings ratio of 14.18 and a beta of 1.29. The business’s fifty day moving average is $8.47 and its 200 day moving average is $8.37.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $67.89 million for the quarter, compared to the consensus estimate of $63.55 million. Solaris Oilfield Infrastructure had a return on equity of 10.80% and a net margin of 7.58%. As a group, sell-side analysts expect that Solaris Oilfield Infrastructure, Inc. will post 0.52 EPS for the current fiscal year.

Solaris Oilfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, June 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.98%. The ex-dividend date is Friday, June 7th. Solaris Oilfield Infrastructure’s dividend payout ratio is currently 70.59%.

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.