Kennedy Capital Management Inc. purchased a new position in shares of Solaris Oilfield Infrastructure Inc (NYSE:SOI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 187,237 shares of the company’s stock, valued at approximately $4,009,000.
Other hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth $123,000. Parametric Portfolio Associates LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth $125,000. Alliancebernstein L.P. bought a new position in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth $125,000. ClariVest Asset Management LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 3rd quarter worth $146,000. Finally, Sei Investments Co. bought a new position in shares of Solaris Oilfield Infrastructure during the 3rd quarter worth $152,000. Institutional investors own 68.00% of the company’s stock.
Several research analysts have recently weighed in on the company. Imperial Capital reiterated an “outperform” rating and set a $26.00 price target on shares of Solaris Oilfield Infrastructure in a research note on Wednesday, January 24th. Zacks Investment Research downgraded Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Piper Jaffray Companies set a $24.00 price target on Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research note on Monday, December 25th. Finally, Citigroup increased their price target on Solaris Oilfield Infrastructure to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $20.04.
Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Tuesday, March 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $25.20 million for the quarter, compared to analysts’ expectations of $24.22 million. Solaris Oilfield Infrastructure had a return on equity of 11.07% and a net margin of 12.50%. Solaris Oilfield Infrastructure’s revenue for the quarter was up 245.8% on a year-over-year basis. equities analysts predict that Solaris Oilfield Infrastructure Inc will post 1.7 earnings per share for the current year.
In related news, insider Cynthia M. Durrett sold 21,219 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $21.65, for a total transaction of $459,391.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 1,408,388 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $30,491,600.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,059,988 shares of company stock worth $44,598,740 in the last three months.
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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.
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