Solaris Oilfield Infrastructure (NYSE:SOI) Shares Cross Below 200 Day Moving Average of $8.27

Solaris Oilfield Infrastructure, Inc. (NYSE:SOIGet Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.27 and traded as low as $8.15. Solaris Oilfield Infrastructure shares last traded at $8.17, with a volume of 196,352 shares trading hands.

Solaris Oilfield Infrastructure Stock Performance

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 simple moving average of $8.75 and a 200-day simple moving average of $8.27. The stock has a market cap of $360.08 million, a P/E ratio of 12.02 and a beta of 1.23.

Solaris Oilfield Infrastructure (NYSE:SOIGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Solaris Oilfield Infrastructure had a return on equity of 10.82% and a net margin of 7.58%. The firm had revenue of $67.89 million for the quarter, compared to analyst estimates of $63.55 million. Research analysts forecast that Solaris Oilfield Infrastructure, Inc. will post 0.49 earnings per share for the current year.

Solaris Oilfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, June 7th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date was Friday, June 7th. Solaris Oilfield Infrastructure’s payout ratio is 70.59%.

Hedge Funds Weigh In On Solaris Oilfield Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in SOI. Texas Capital Bank Wealth Management Services Inc acquired a new position in Solaris Oilfield Infrastructure in the fourth quarter valued at approximately $80,000. First Hawaiian Bank purchased a new position in shares of Solaris Oilfield Infrastructure during the 4th quarter valued at $83,000. SG Americas Securities LLC lifted its holdings in 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 purchasing an additional 5,074 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Solaris Oilfield Infrastructure during the 4th quarter worth about $142,000. Finally, Summit Global Investments lifted its holdings in Solaris Oilfield Infrastructure by 21.1% during the 4th quarter. Summit Global Investments now owns 23,000 shares of the company’s stock worth $183,000 after purchasing an additional 4,000 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Oilfield Infrastructure Company Profile

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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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