Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Short Interest Update

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 9,700 shares, a decrease of 98.1% from the August 31st total of 522,700 shares. Based on an average trading volume of 1,700 shares, the short-interest ratio is currently 5.7 days.

Institutional Investors Weigh In On Solaris Oilfield Infrastructure

Several large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Solaris Oilfield Infrastructure by 161.8% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,861 shares of the company’s stock worth $50,000 after purchasing an additional 3,622 shares during the last quarter. Quarry LP grew its position in Solaris Oilfield Infrastructure by 184.7% in the second quarter. Quarry LP now owns 6,659 shares of the company’s stock worth $57,000 after acquiring an additional 4,320 shares in the last quarter. Algert Global LLC purchased a new position in Solaris Oilfield Infrastructure in the second quarter worth about $166,000. Meros Investment Management LP grew its position in Solaris Oilfield Infrastructure by 1.9% in the second quarter. Meros Investment Management LP now owns 326,018 shares of the company’s stock worth $2,797,000 after acquiring an additional 5,948 shares in the last quarter. Finally, Encompass Capital Advisors LLC purchased a new position in Solaris Oilfield Infrastructure in the second quarter worth about $10,488,000. 67.44% of the stock is owned by institutional investors.

Solaris Oilfield Infrastructure Stock Performance

The company’s 50 day simple moving average is $11.99 and its two-hundred day simple moving average is $9.82. The company has a current ratio of 1.25, a quick ratio of 1.10 and a debt-to-equity ratio of 0.22. Solaris Oilfield Infrastructure has a 52 week low of $6.59 and a 52 week high of $13.56. The stock has a market cap of $498.31 million, a P/E ratio of 16.65 and a beta of 1.21.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its earnings results on Thursday, August 8th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $73.89 million for the quarter, compared to analysts’ expectations of $70.00 million. Solaris Oilfield Infrastructure had a return on equity of 9.04% and a net margin of 7.04%. As a group, research analysts forecast that Solaris Oilfield Infrastructure will post 0.57 EPS for the current year.

Solaris Oilfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.48 annualized dividend and a dividend yield of ∞. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is 70.59%.

Solaris Oilfield Infrastructure Company Profile

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.