Kelly L. Price Sells 1,742 Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Stock
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI – Get Rating) COO Kelly L. Price sold 1,742 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $13.01, for a total transaction of $22,663.42. Following the sale, the chief operating officer now owns 207,745 shares of the company’s stock, valued at approximately $2,702,762.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Solaris Oilfield Infrastructure stock traded up $0.64 during trading on Thursday, hitting $13.83. The company had a trading volume of 1,072,729 shares, compared to its average volume of 294,361. Solaris Oilfield Infrastructure, Inc. has a 1-year low of $6.11 and a 1-year high of $13.95. The company has a current ratio of 2.38, a quick ratio of 2.32 and a debt-to-equity ratio of 0.24. The company’s 50 day simple moving average is $11.56 and its 200-day simple moving average is $9.15. The stock has a market cap of $643.98 million, a price-to-earnings ratio of 119.92 and a beta of 1.38.
Solaris Oilfield Infrastructure (NYSE:SOI – Get Rating) last posted its earnings results on Monday, February 21st. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. Solaris Oilfield Infrastructure had a net margin of 2.03% and a return on equity of 1.29%. The firm had revenue of $45.96 million during the quarter, compared to the consensus estimate of $41.20 million. During the same quarter last year, the firm earned ($0.05) EPS. As a group, analysts forecast that Solaris Oilfield Infrastructure, Inc. will post 0.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Tuesday, June 7th will be issued a $0.105 dividend. The ex-dividend date is Monday, June 6th. This represents a $0.42 annualized dividend and a yield of 3.04%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is presently 381.85%.
A number of hedge funds have recently modified their holdings of the business. THRC Management LLC purchased a new position in Solaris Oilfield Infrastructure in the 4th quarter valued at approximately $17,886,000. BlackRock Inc. boosted its position in Solaris Oilfield Infrastructure by 0.5% in the 1st quarter. BlackRock Inc. now owns 2,590,553 shares of the company’s stock valued at $29,247,000 after buying an additional 11,736 shares during the period. FMR LLC purchased a new position in Solaris Oilfield Infrastructure in the 1st quarter valued at approximately $36,498,000. Schroder Investment Management Group boosted its position in Solaris Oilfield Infrastructure by 39.8% in the 3rd quarter. Schroder Investment Management Group now owns 1,626,185 shares of the company’s stock valued at $13,562,000 after buying an additional 463,187 shares during the period. Finally, Vanguard Group Inc. boosted its position in Solaris Oilfield Infrastructure by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,615,946 shares of the company’s stock valued at $18,244,000 after buying an additional 151,116 shares during the period. 70.21% of the stock is owned by institutional investors.
SOI has been the subject of a number of recent analyst reports. Cowen cut their price target on shares of Solaris Oilfield Infrastructure from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Wednesday, February 23rd. Piper Sandler raised their price target on shares of Solaris Oilfield Infrastructure from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, March 7th. Finally, Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “hold” rating to a “strong-buy” rating and set a $9.75 target price for the company in a report on Saturday, February 26th.
About Solaris Oilfield Infrastructure (Get Rating)
Solaris Oilfield Infrastructure, Inc designs, manufactures, and sells mobile equipment to unload, store, and deliver proppant, water, and chemicals at oil and natural gas well sites in the United States. It is involved in the transloading and storage of proppant or railcars at its transloading facility.
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