Solaris Oilfield Infrastructure, Inc. (NYSE:SOI – Get Free Report) insider Cynthia M. Durrett sold 7,415 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $81,565.00. Following the sale, the insider now owns 111,034 shares in the company, valued at approximately $1,221,374. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Solaris Oilfield Infrastructure Trading Up 0.8 %
Solaris Oilfield Infrastructure stock opened at $10.99 on Friday. The stock has a market cap of $503.34 million, a P/E ratio of 13.08 and a beta of 1.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.42. Solaris Oilfield Infrastructure, Inc. has a 1 year low of $7.15 and a 1 year high of $13.75. The firm’s 50 day moving average price is $8.80 and its 200-day moving average price is $8.85.
Solaris Oilfield Infrastructure (NYSE:SOI – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $77.20 million for the quarter, compared to analysts’ expectations of $77.20 million. Solaris Oilfield Infrastructure had a net margin of 8.12% and a return on equity of 13.97%. On average, equities analysts predict that Solaris Oilfield Infrastructure, Inc. will post 0.94 earnings per share for the current fiscal year.
Solaris Oilfield Infrastructure Dividend Announcement
Institutional Investors Weigh In On Solaris Oilfield Infrastructure
Several institutional investors and hedge funds have recently modified their holdings of SOI. Envestnet Asset Management Inc. raised its position in shares of Solaris Oilfield Infrastructure by 38.5% during the first quarter. Envestnet Asset Management Inc. now owns 15,355 shares of the company’s stock valued at $173,000 after buying an additional 4,266 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 purchasing an additional 34,645 shares during the last quarter. MetLife Investment Management LLC bought a new stake in Solaris Oilfield Infrastructure in the first quarter worth $189,000. BlackRock Inc. increased its position in Solaris Oilfield Infrastructure by 0.5% in the first quarter. BlackRock Inc. now owns 2,590,553 shares of the company’s stock worth $29,247,000 after purchasing an additional 11,736 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Solaris Oilfield Infrastructure by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 971,243 shares of the company’s stock worth $10,965,000 after purchasing an additional 71,892 shares during the last quarter. Institutional investors own 50.25% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on SOI shares. Citigroup raised their target price on shares of Solaris Oilfield Infrastructure from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 18th. Piper Sandler raised their target price on shares of Solaris Oilfield Infrastructure from $11.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, July 31st.
About Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure, Inc designs and manufactures mobile proppant management systems that are used 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.
Featured Articles
- Five stocks we like better than Solaris Oilfield Infrastructure
- How to Invest in EV Charging Stations
- MarketBeat Week in Review – 07/31 – 08/04
- When to Sell a Stock for Profit or Loss
- 3 Best Meme ETFs to Buy Now
- What is the Hang Seng index?
- XPO Keeps Reaching New Highs: Markets Love the Stock
Receive News & Ratings for Solaris Oilfield Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaris Oilfield Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.
