Solaris Oilfield Infrastructure (NYSE:SOI) Stock Price Up 4.3%

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) shares traded up 4.3% on Wednesday . The stock traded as high as $12.74 and last traded at $12.69. 283,620 shares were traded during mid-day trading, a decline of 25% from the average session volume of 377,190 shares. The stock had previously closed at $12.17.

Solaris Oilfield Infrastructure Price Performance

The company has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $8.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.58 and a current ratio of 1.78. The company has a market capitalization of $546.73 million, a price-to-earnings ratio of 17.90 and a beta of 1.22.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $67.89 million during the quarter, compared to the consensus estimate of $63.55 million. Solaris Oilfield Infrastructure had a return on equity of 10.82% and a net margin of 7.58%. As a group, research analysts anticipate that Solaris Oilfield Infrastructure, Inc. will post 0.5 earnings per share for the current year.

Solaris Oilfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, June 7th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 3.86%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is 70.59%.

Institutional Trading of Solaris Oilfield Infrastructure

A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its position in Solaris Oilfield Infrastructure by 377.0% in the 2nd quarter. CWM LLC now owns 6,664 shares of the company’s stock valued at $57,000 after buying an additional 5,267 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new position in Solaris Oilfield Infrastructure in the 4th quarter valued at about $80,000. First Hawaiian Bank purchased a new position in Solaris Oilfield Infrastructure in the 4th quarter valued at about $83,000. SG Americas Securities LLC boosted its position in Solaris Oilfield Infrastructure by 40.6% in the 4th quarter. SG Americas Securities LLC now owns 17,563 shares of the company’s stock valued at $140,000 after buying an additional 5,074 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Solaris Oilfield Infrastructure in the 4th quarter valued at about $142,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Oilfield Infrastructure Company Profile

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.