Balyasny Asset Management LLC Invests $5.73 Million in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Stock

Balyasny Asset Management LLC bought a new position in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 496,525 shares of the company’s stock, valued at approximately $5,725,000. Balyasny Asset Management LLC owned approximately 4.62% of Solaris Oilfield Infrastructure at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund acquired a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth approximately $123,000. Alliancebernstein L.P. acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter valued at approximately $125,000. Parametric Portfolio Associates LLC acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter valued at approximately $125,000. Oppenheimer & Co. Inc. acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter valued at approximately $173,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Solaris Oilfield Infrastructure during the 2nd quarter valued at approximately $198,000. Institutional investors own 59.23% of the company’s stock.

A number of research analysts recently issued reports on SOI shares. Zacks Investment Research lowered Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Raymond James Financial, Inc. downgraded Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 11th. UBS AG assumed coverage on Solaris Oilfield Infrastructure in a research note on Wednesday, July 19th. They set an “outperform” rating on the stock. Johnson Rice reaffirmed a “buy” rating and set a $19.00 target price on shares of Solaris Oilfield Infrastructure in a research note on Monday, September 11th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $16.00 target price (up previously from $15.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.36.

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Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) opened at 15.88 on Wednesday. Solaris Oilfield Infrastructure, Inc. has a one year low of $9.90 and a one year high of $17.72. The stock’s 50 day moving average price is $16.04 and its 200-day moving average price is $13.27. The stock has a market cap of $173.16 million and a P/E ratio of 55.14.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Monday, August 14th. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.34. The company had revenue of $13.39 million for the quarter, compared to the consensus estimate of $12.36 million. Solaris Oilfield Infrastructure’s quarterly revenue was up 349.9% on a year-over-year basis. On average, analysts predict that Solaris Oilfield Infrastructure, Inc. will post $0.54 earnings per share for the current year.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.

Institutional Ownership by Quarter for Solaris Oilfield Infrastructure (NYSE:SOI)

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