Solaris Oilfield Infrastructure (NYSE:SOI) Shares Down 3.8%

Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) fell 3.8% during mid-day trading on Monday . The company traded as low as $12.42 and last traded at $12.43. 98,209 shares were traded during trading, a decline of 74% from the average session volume of 381,179 shares. The stock had previously closed at $12.92.

Solaris Oilfield Infrastructure Price Performance

The firm has a market cap of $544.97 million, a price-to-earnings ratio of 18.21 and a beta of 1.22. 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 business has a 50 day simple moving average of $9.42 and a 200-day simple moving average of $8.62.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Solaris Oilfield Infrastructure, Inc. will post 0.5 earnings per share for the current year.

Solaris Oilfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, June 7th were paid 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 3.88%. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is currently 70.59%.

Hedge Funds Weigh In On Solaris Oilfield Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,683,678 shares of the company’s stock worth $17,948,000 after buying an additional 11,006 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Solaris Oilfield Infrastructure by 40.6% during the 4th quarter. SG Americas Securities LLC now owns 17,563 shares of the company’s stock worth $140,000 after buying an additional 5,074 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Solaris Oilfield Infrastructure during the 4th quarter worth approximately $1,520,000. Strs Ohio lifted its position in shares of Solaris Oilfield Infrastructure by 10.9% during the 4th quarter. Strs Ohio now owns 57,200 shares of the company’s stock worth $455,000 after buying an additional 5,600 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 633,890 shares of the company’s stock worth $5,046,000 after buying an additional 4,120 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.