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%.
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
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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