Solaris Oilfield Infrastructure (NYSE:SOI) Share Price Passes Below Two Hundred Day Moving Average of $10.68

Posted by MarketBeat News on Aug 2nd, 2022

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI – Get Rating)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.68 and traded as low as $10.34. Solaris Oilfield Infrastructure shares last traded at $10.69, with a volume of 270,916 shares changing hands.

Solaris Oilfield Infrastructure Trading Down 3.6 %

The firm has a market cap of $497.77 million, a price-to-earnings ratio of 97.19 and a beta of 1.35. The business’s 50 day moving average price is $11.55 and its 200-day moving average price is $10.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.32 and a current ratio of 2.38.

Solaris Oilfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Tuesday, June 7th were paid a $0.105 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.93%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is presently 381.85%.

Insider Activity

In other Solaris Oilfield Infrastructure news, CEO William A. Zartler acquired 7,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average price of $10.99 per share, for a total transaction of $76,930.00. Following the completion of the purchase, the chief executive officer now directly owns 551,175 shares in the company, valued at $6,057,413.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Lindsay R. Bourg sold 6,796 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $13.99, for a total transaction of $95,076.04. Following the sale, the chief accounting officer now owns 23,250 shares in the company, valued at $325,267.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William A. Zartler bought 7,000 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was purchased at an average price of $10.99 per share, with a total value of $76,930.00. Following the transaction, the chief executive officer now owns 551,175 shares in the company, valued at approximately $6,057,413.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 71,037 shares of company stock worth $918,647. 31.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. THRC Management LLC bought a new position in Solaris Oilfield Infrastructure in the 4th quarter worth about $17,886,000. BlackRock Inc. boosted its holdings in shares of Solaris Oilfield Infrastructure by 0.5% in the first quarter. BlackRock Inc. now owns 2,590,553 shares of the company’s stock valued at $29,247,000 after acquiring an additional 11,736 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Solaris Oilfield Infrastructure by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,615,946 shares of the company’s stock valued at $18,244,000 after acquiring an additional 151,116 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Solaris Oilfield Infrastructure by 25.0% in the second quarter. Russell Investments Group Ltd. now owns 1,225,886 shares of the company’s stock valued at $13,335,000 after acquiring an additional 245,487 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Solaris Oilfield Infrastructure by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 971,243 shares of the company’s stock valued at $10,965,000 after acquiring an additional 71,892 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

About Solaris Oilfield Infrastructure

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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.