Solaris Oilfield Infrastructure Inc (SOI) Holdings Trimmed by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC decreased its holdings in Solaris Oilfield Infrastructure Inc (NYSE:SOI) by 35.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,032 shares of the company’s stock after selling 7,197 shares during the period. MetLife Investment Advisors LLC’s holdings in Solaris Oilfield Infrastructure were worth $158,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. raised its position in Solaris Oilfield Infrastructure by 2.5% in the 4th quarter. BlackRock Inc. now owns 1,743,530 shares of the company’s stock worth $21,078,000 after buying an additional 42,729 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Solaris Oilfield Infrastructure by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 1,171,592 shares of the company’s stock valued at $22,132,000 after purchasing an additional 9,743 shares during the period. Vanguard Group Inc. grew its stake in shares of Solaris Oilfield Infrastructure by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,171,592 shares of the company’s stock valued at $22,132,000 after purchasing an additional 9,743 shares during the period. Boston Partners lifted its stake in shares of Solaris Oilfield Infrastructure by 145.2% in the 4th quarter. Boston Partners now owns 773,337 shares of the company’s stock worth $9,350,000 after purchasing an additional 457,917 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Solaris Oilfield Infrastructure by 22.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 763,258 shares of the company’s stock worth $9,228,000 after purchasing an additional 137,659 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on SOI shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.50 price objective on shares of Solaris Oilfield Infrastructure in a research note on Thursday, January 3rd. Johnson Rice set a $24.00 price objective on shares of Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research note on Thursday, February 28th. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Imperial Capital reiterated an “outperform” rating and issued a $17.00 price objective (down previously from $24.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday, January 3rd. Finally, Cowen set a $21.00 price objective on shares of Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $19.94.

In related news, Director James R. Burke sold 8,809 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $16.76, for a total value of $147,638.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $15.58, for a total transaction of $31,160,000.00. The disclosure for this sale can be found here. Corporate insiders own 14.18% of the company’s stock.

Shares of NYSE:SOI opened at $18.90 on Wednesday. Solaris Oilfield Infrastructure Inc has a twelve month low of $10.50 and a twelve month high of $20.18. The company has a current ratio of 2.29, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $892.59 million, a PE ratio of 11.18 and a beta of 1.84.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $57.34 million for the quarter, compared to analysts’ expectations of $53.47 million. Solaris Oilfield Infrastructure had a net margin of 21.52% and a return on equity of 28.87%. The business’s quarterly revenue was up 127.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 EPS. As a group, analysts expect that Solaris Oilfield Infrastructure Inc will post 1.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 22nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, March 21st. Solaris Oilfield Infrastructure’s dividend payout ratio is 23.67%.

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Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. Its systems to transfer large quantities of proppant and chemicals to the well sites.

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

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