Energy Opportunities Capital Management LLC reduced its position in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 47.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,713 shares of the mining company’s stock after selling 184,540 shares during the quarter. U.S. Silica Holdings comprises about 3.9% of Energy Opportunities Capital Management LLC’s holdings, making the stock its 5th biggest holding. Energy Opportunities Capital Management LLC owned 0.25% of U.S. Silica Holdings worth $7,194,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SLCA. BlackRock Inc. lifted its position in U.S. Silica Holdings by 64,463.2% during the first quarter. BlackRock Inc. now owns 9,076,290 shares of the mining company’s stock valued at $435,571,000 after purchasing an additional 9,062,232 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in U.S. Silica Holdings by 111.1% during the second quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock valued at $63,069,000 after purchasing an additional 935,430 shares during the last quarter. State Street Corp lifted its position in U.S. Silica Holdings by 35.4% during the second quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock valued at $94,554,000 after purchasing an additional 696,893 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in U.S. Silica Holdings during the second quarter valued at approximately $22,977,000. Finally, Victory Capital Management Inc. lifted its position in U.S. Silica Holdings by 178.7% during the second quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock valued at $34,101,000 after purchasing an additional 616,051 shares during the last quarter.
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Several equities research analysts have issued reports on the stock. Royal Bank Of Canada set a $60.00 target price on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Saturday, July 1st. ValuEngine lowered shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. BidaskClub upgraded shares of U.S. Silica Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, July 27th. Finally, Morgan Stanley decreased their price target on shares of U.S. Silica Holdings from $76.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $49.66.
Shares of U.S. Silica Holdings, Inc. (SLCA) traded down 2.2598% on Friday, hitting $29.0093. 1,293,022 shares of the company traded hands. U.S. Silica Holdings, Inc. has a 1-year low of $24.26 and a 1-year high of $61.49. The firm’s 50 day moving average price is $29.40 and its 200-day moving average price is $34.42. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 165.7674 and a beta of 2.32.
U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The business’s revenue for the quarter was up 148.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) earnings per share. On average, equities research analysts expect that U.S. Silica Holdings, Inc. will post $1.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were paid a dividend of $0.063 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.85%. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently 192.31%.
U.S. Silica Holdings Profile
U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
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