SG Americas Securities LLC Buys 5,074 Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

SG Americas Securities LLC raised its stake in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 40.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,563 shares of the company’s stock after acquiring an additional 5,074 shares during the period. SG Americas Securities LLC’s holdings in Solaris Oilfield Infrastructure were worth $140,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. lifted its stake in Solaris Oilfield Infrastructure by 10.2% during the 2nd quarter. BlackRock Inc. now owns 2,647,055 shares of the company’s stock valued at $22,050,000 after acquiring an additional 245,611 shares in the last quarter. Vanguard Group Inc. lifted its stake in Solaris Oilfield Infrastructure by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,683,678 shares of the company’s stock valued at $17,948,000 after acquiring an additional 11,006 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Solaris Oilfield Infrastructure by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,494,201 shares of the company’s stock valued at $12,447,000 after acquiring an additional 55,061 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Solaris Oilfield Infrastructure by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 1,405,375 shares of the company’s stock valued at $12,002,000 after purchasing an additional 146,800 shares during the last quarter. Finally, Royce & Associates LP purchased a new stake in shares of Solaris Oilfield Infrastructure during the 1st quarter valued at $6,054,000. 67.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SOI shares. TheStreet lowered Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Stifel Nicolaus decreased their target price on Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd.

Solaris Oilfield Infrastructure Stock Down 2.1 %

SOI stock opened at $8.34 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.80 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $358.49 million, a PE ratio of 10.82 and a beta of 1.29. Solaris Oilfield Infrastructure, Inc. has a twelve month low of $6.59 and a twelve month high of $11.32. The stock has a 50-day simple moving average of $8.29 and a two-hundred day simple moving average of $8.46.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its earnings results on Monday, February 26th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $63.35 million during the quarter, compared to analyst estimates of $65.55 million. Solaris Oilfield Infrastructure had a return on equity of 12.01% and a net margin of 8.31%. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, equities analysts predict that Solaris Oilfield Infrastructure, Inc. will post 0.52 EPS for the current fiscal year.

Solaris Oilfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend was Friday, March 8th. Solaris Oilfield Infrastructure’s payout ratio is presently 62.34%.

Insider Buying and Selling at Solaris Oilfield Infrastructure

In other news, insider Christopher M. Powell sold 17,500 shares of Solaris Oilfield Infrastructure stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $8.50, for a total transaction of $148,750.00. Following the completion of the sale, the insider now owns 130,202 shares in the company, valued at approximately $1,106,717. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 34.71% of the company’s stock.

About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.