Short Interest in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Drops By 32.2%

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 522,700 shares, a decline of 32.2% from the August 15th total of 771,300 shares. Based on an average trading volume of 426,300 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.1% of the shares of the company are short sold.

Solaris Oilfield Infrastructure Stock Performance

SOI stock traded down $0.10 on Monday, reaching $11.32. 415,100 shares of the company were exchanged, compared to its average volume of 386,486. Solaris Oilfield Infrastructure has a 12 month low of $6.59 and a 12 month high of $13.56. The stock’s fifty day moving average price is $11.82 and its 200 day moving average price is $9.76. The firm has a market capitalization of $498.31 million, a PE ratio of 16.65 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 1.10.

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

Solaris Oilfield Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.12 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 4.24%. Solaris Oilfield Infrastructure’s dividend payout ratio is currently 70.59%.

Institutional Investors Weigh In On Solaris Oilfield Infrastructure

A number of institutional investors have recently bought and sold shares of SOI. Point72 Asia Singapore Pte. Ltd. boosted its stake in Solaris Oilfield Infrastructure by 161.8% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,861 shares of the company’s stock worth $50,000 after buying an additional 3,622 shares in the last quarter. CWM LLC boosted its stake in Solaris Oilfield Infrastructure by 377.0% during the second quarter. CWM LLC now owns 6,664 shares of the company’s stock worth $57,000 after buying an additional 5,267 shares in the last quarter. Quarry LP boosted its stake in Solaris Oilfield Infrastructure by 184.7% during the second quarter. Quarry LP now owns 6,659 shares of the company’s stock worth $57,000 after buying an additional 4,320 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Solaris Oilfield Infrastructure during the fourth quarter worth $80,000. Finally, First Hawaiian Bank boosted its stake in shares of Solaris Oilfield Infrastructure by 14.1% in the 1st quarter. First Hawaiian Bank now owns 11,949 shares of the company’s stock valued at $104,000 after purchasing an additional 1,480 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

About Solaris Oilfield Infrastructure

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.