Traders Buy Large Volume of XPLR Infrastructure Call Options (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) was the recipient of some unusual options trading on Wednesday. Investors acquired 6,854 call options on the stock. This is an increase of 121% compared to the average daily volume of 3,095 call options.

Institutional Trading of XPLR Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avion Wealth grew its holdings in XPLR Infrastructure by 610.2% during the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock worth $47,000 after acquiring an additional 2,270 shares during the period. McIlrath & Eck LLC acquired a new stake in XPLR Infrastructure during the third quarter worth approximately $63,000. Central Pacific Bank Trust Division increased its holdings in XPLR Infrastructure by 153.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after purchasing an additional 3,750 shares in the last quarter. Truist Financial Corp lifted its stake in XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock valued at $204,000 after buying an additional 1,049 shares during the period. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of XPLR Infrastructure during the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on XIFR shares. Wells Fargo & Company decreased their price target on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Guggenheim decreased their target price on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price target (down previously from $22.00) on shares of XPLR Infrastructure in a report on Monday, February 3rd. Jefferies Financial Group decreased their price objective on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, BMO Capital Markets restated a “market perform” rating and set a $18.00 price objective (down from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, XPLR Infrastructure currently has a consensus rating of “Hold” and a consensus price target of $20.27.

XPLR Infrastructure Trading Down 2.2 %

NYSE XIFR traded down $0.22 on Wednesday, hitting $9.60. The company’s stock had a trading volume of 418,942 shares, compared to its average volume of 3,333,416. The company’s 50-day moving average is $10.47 and its 200 day moving average is $17.16. The firm has a market cap of $902.04 million, a PE ratio of -96.00 and a beta of 1.13. XPLR Infrastructure has a 1-year low of $7.97 and a 1-year high of $35.15. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. As a group, analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

XPLR Infrastructure Company Profile

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.