Tocqueville Asset Management L.P. lifted its position in Solaris Oilfield Infrastructure Inc (NYSE:SOI) by 17.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 402,000 shares of the company’s stock after purchasing an additional 60,000 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.84% of Solaris Oilfield Infrastructure worth $6,022,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Advisor Group Inc. boosted its position in shares of Solaris Oilfield Infrastructure by 64.4% during the 2nd quarter. Advisor Group Inc. now owns 11,376 shares of the company’s stock worth $170,000 after purchasing an additional 4,456 shares in the last quarter. Aperio Group LLC boosted its position in shares of Solaris Oilfield Infrastructure by 88.8% during the 2nd quarter. Aperio Group LLC now owns 19,243 shares of the company’s stock worth $288,000 after purchasing an additional 9,049 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth $67,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth $241,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter worth $74,000. 63.75% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on SOI shares. TheStreet lowered shares of Solaris Oilfield Infrastructure from a “b-” rating to a “c” rating in a research report on Friday, May 31st. Stifel Nicolaus decreased their target price on shares of Solaris Oilfield Infrastructure from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Citigroup started coverage on shares of Solaris Oilfield Infrastructure in a research report on Tuesday, July 16th. They set a “neutral” rating and a $15.00 target price on the stock. Imperial Capital reaffirmed an “outperform” rating and set a $22.00 price target (up previously from $20.00) on shares of Solaris Oilfield Infrastructure in a research note on Thursday, August 1st. Finally, ValuEngine downgraded Solaris Oilfield Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.72.
Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $64.10 million for the quarter, compared to analyst estimates of $58.25 million. Solaris Oilfield Infrastructure had a return on equity of 25.82% and a net margin of 22.08%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. As a group, sell-side analysts anticipate that Solaris Oilfield Infrastructure Inc will post 1.7 earnings per share for the current year.
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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