Victory Capital Management Inc. Has $5.05 Million Stock Holdings in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

Victory Capital Management Inc. raised its stake in shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOIFree Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 633,890 shares of the company’s stock after purchasing an additional 4,120 shares during the quarter. Victory Capital Management Inc. owned 1.43% of Solaris Oilfield Infrastructure worth $5,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Solaris Oilfield Infrastructure in the 3rd quarter valued at $133,000. New York State Teachers Retirement System acquired a new stake in shares of Solaris Oilfield Infrastructure in the 3rd quarter valued at $31,000. Strs Ohio grew its holdings in shares of Solaris Oilfield Infrastructure by 36.5% in the 3rd quarter. Strs Ohio now owns 51,600 shares of the company’s stock worth $550,000 after purchasing an additional 13,800 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Solaris Oilfield Infrastructure by 25.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 200,518 shares of the company’s stock worth $2,138,000 after purchasing an additional 40,729 shares in the last quarter. Finally, Versor Investments LP bought a new position in Solaris Oilfield Infrastructure during the 3rd quarter valued at about $133,000. 67.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Christopher M. Powell sold 17,500 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $8.50, for a total transaction of $148,750.00. Following the transaction, the insider now owns 130,202 shares of the company’s stock, valued at $1,106,717. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 34.71% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet cut shares of Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th.

Read Our Latest Research Report on SOI

Solaris Oilfield Infrastructure Stock Performance

Shares of NYSE:SOI opened at $9.23 on Wednesday. The business has a fifty day moving average of $8.71 and a 200-day moving average of $8.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.58 and a current ratio of 1.78. Solaris Oilfield Infrastructure, Inc. has a twelve month low of $6.59 and a twelve month high of $11.32. The firm has a market cap of $406.08 million, a PE ratio of 13.57 and a beta of 1.27.

Solaris Oilfield Infrastructure (NYSE:SOIGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Solaris Oilfield Infrastructure had a net margin of 7.58% and a return on equity of 10.82%. The firm had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $63.55 million. On average, equities research analysts predict that Solaris Oilfield Infrastructure, Inc. will post 0.49 EPS for the current fiscal year.

Solaris Oilfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 5.20%. Solaris Oilfield Infrastructure’s payout ratio is 70.59%.

Solaris Oilfield Infrastructure Company Profile

(Free Report)

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.

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

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