Icon Advisers Inc. Co. cut its stake in shares of Solaris Oilfield Infrastructure Inc (NYSE:SOI) by 31.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,300 shares of the company’s stock after selling 63,700 shares during the period. Icon Advisers Inc. Co. owned 0.29% of Solaris Oilfield Infrastructure worth $2,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Solaris Oilfield Infrastructure by 4.1% during the second quarter. CWM LLC now owns 24,656 shares of the company’s stock worth $369,000 after purchasing an additional 975 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Solaris Oilfield Infrastructure by 3.3% during the fourth quarter. Two Sigma Advisers LP now owns 31,300 shares of the company’s stock worth $378,000 after purchasing an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Solaris Oilfield Infrastructure by 107.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company’s stock worth $37,000 after purchasing an additional 1,171 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Solaris Oilfield Infrastructure by 36.6% during the first quarter. Bank of Montreal Can now owns 5,118 shares of the company’s stock worth $84,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Solaris Oilfield Infrastructure during the second quarter worth about $67,000. Hedge funds and other institutional investors own 63.75% of the company’s stock.

Shares of Solaris Oilfield Infrastructure stock traded up $0.71 during midday trading on Friday, reaching $13.85. 697,500 shares of the company’s stock traded hands, compared to its average volume of 464,234. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.38 and a current ratio of 2.63. The company has a market cap of $627.57 million, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.97 and a beta of 1.77. The stock has a 50 day moving average of $13.76 and a 200-day moving average of $15.64. Solaris Oilfield Infrastructure Inc has a 12 month low of $10.50 and a 12 month high of $19.31.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its earnings results on Tuesday, July 30th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The business had revenue of $64.10 million for the quarter, compared to the consensus estimate of $58.25 million. Solaris Oilfield Infrastructure had a net margin of 22.08% and a return on equity of 25.82%. Solaris Oilfield Infrastructure’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. On average, equities analysts anticipate that Solaris Oilfield Infrastructure Inc will post 1.7 earnings per share for the current fiscal year.

Several research analysts have recently commented on SOI shares. Zacks Investment Research lowered Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. ValuEngine lowered Solaris Oilfield Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. B. Riley set a $23.00 target price on Solaris Oilfield Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Citigroup started coverage on Solaris Oilfield Infrastructure in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $15.00 target price for the company. Finally, TheStreet lowered Solaris Oilfield Infrastructure from a “b-” rating to a “c” rating in a research note on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Solaris Oilfield Infrastructure presently has an average rating of “Hold” and an average target price of $19.72.

Solaris Oilfield Infrastructure 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.

Read More: Momentum Investing

Want to see what other hedge funds are holding SOI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solaris Oilfield Infrastructure Inc (NYSE:SOI).

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

Receive News & Ratings for Solaris Oilfield Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaris Oilfield Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.