Solaris Oilfield Infrastructure (NYSE:SOI) Stock Price Up 7.1%

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) rose 7.1% during mid-day trading on Tuesday . The stock traded as high as $13.11 and last traded at $13.09. Approximately 382,466 shares traded hands during trading, a decline of 1% from the average daily volume of 385,453 shares. The stock had previously closed at $12.22.

Solaris Oilfield Infrastructure Stock Up 5.0 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.78 and a quick ratio of 1.58. The stock has a 50 day moving average price of $9.29 and a 200-day moving average price of $8.56. The stock has a market capitalization of $564.82 million, a P/E ratio of 17.97 and a beta of 1.23.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations 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 expect that Solaris Oilfield Infrastructure, Inc. will post 0.5 EPS for the current fiscal year.

Solaris Oilfield Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, June 7th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Friday, June 7th. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is presently 70.59%.

Institutional Trading of Solaris Oilfield Infrastructure

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings 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 purchasing an additional 11,006 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Solaris Oilfield Infrastructure by 318.7% during the first quarter. Assenagon Asset Management S.A. now owns 799,690 shares of the company’s stock valued at $6,933,000 after buying an additional 608,676 shares during the period. RK Capital Management LLC raised its holdings in shares of Solaris Oilfield Infrastructure by 3.8% during the fourth quarter. RK Capital Management LLC now owns 721,200 shares of the company’s stock valued at $5,741,000 after acquiring an additional 26,500 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Solaris Oilfield Infrastructure by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 633,890 shares of the company’s stock worth $5,046,000 after acquiring an additional 4,120 shares during the period. Finally, Element Capital Management LLC bought a new stake in Solaris Oilfield Infrastructure in the fourth quarter valued at $3,902,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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.