Oppenheimer Asset Management Inc. Takes $300,000 Position in Solaris Energy Infrastructure, Inc. $SEI

Oppenheimer Asset Management Inc. purchased a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,622 shares of the company’s stock, valued at approximately $300,000.

Other institutional investors have also made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $28,000. Wayfinding Financial LLC acquired a new position in Solaris Energy Infrastructure during the first quarter worth $29,000. US Bancorp DE acquired a new position in Solaris Energy Infrastructure during the first quarter worth $38,000. Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure during the first quarter worth $41,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Solaris Energy Infrastructure during the first quarter worth $135,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SEI has been the subject of several analyst reports. Northland Securities set a $61.00 target price on Solaris Energy Infrastructure in a report on Thursday, October 9th. Piper Sandler reduced their target price on Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Stifel Nicolaus restated a “buy” rating and issued a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Raymond James Financial restated an “outperform” rating and issued a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Finally, Zacks Research upgraded Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $47.56.

Solaris Energy Infrastructure Stock Up 0.2%

Shares of SEI stock opened at $53.24 on Monday. Solaris Energy Infrastructure, Inc. has a 12 month low of $12.78 and a 12 month high of $56.14. The firm has a market cap of $3.60 billion, a PE ratio of 90.24 and a beta of 1.12. The stock has a 50 day moving average of $40.26 and a 200-day moving average of $31.79. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.08 EPS for the quarter. Solaris Energy Infrastructure had a return on equity of 7.66% and a net margin of 4.99%.The company had revenue of $75.02 million during the quarter. On average, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $28.86, for a total value of $288,600.00. Following the completion of the sale, the director owned 90,956 shares in the company, valued at approximately $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William A. Zartler acquired 10,000 shares of the stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $24.83 per share, for a total transaction of $248,300.00. Following the completion of the transaction, the chief executive officer owned 1,049,227 shares of the company’s stock, valued at $26,052,306.41. This trade represents a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Company Profile

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