Jennison Associates LLC lifted its position in Solaris Oilfield Infrastructure Inc (NYSE:SOI) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 821,807 shares of the company’s stock after acquiring an additional 116,187 shares during the period. Jennison Associates LLC’s holdings in Solaris Oilfield Infrastructure were worth $17,595,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SOI. Schwab Charles Investment Management Inc. acquired a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $198,000. Bank of New York Mellon Corp acquired a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $332,000. Wells Fargo & Company MN acquired a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $1,521,000. Alliancebernstein L.P. acquired a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $125,000. Finally, Teachers Advisors LLC acquired a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $203,000. Institutional investors and hedge funds own 56.45% of the company’s stock.

SOI has been the topic of a number of analyst reports. Piper Jaffray Companies set a $24.00 price target on shares of Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research report on Monday, December 25th. Citigroup increased their price target on shares of Solaris Oilfield Infrastructure to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Imperial Capital increased their price target on shares of Solaris Oilfield Infrastructure to $23.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Oppenheimer reiterated a “buy” rating and issued a $20.00 price target (up from $16.00) on shares of Solaris Oilfield Infrastructure in a research report on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.04.

In other news, Director W Howard Keenan, Jr. sold 2,660,201 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total transaction of $40,009,423.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cynthia M. Durrett sold 53,873 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total transaction of $810,249.92. The disclosure for this sale can be found here. Insiders have sold a total of 5,985,914 shares of company stock worth $103,644,667 over the last 90 days.

Shares of Solaris Oilfield Infrastructure Inc (NYSE:SOI) opened at $19.60 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.78 and a current ratio of 7.44. The company has a market cap of $905.17 and a P/E ratio of 89.09. Solaris Oilfield Infrastructure Inc has a fifty-two week low of $9.90 and a fifty-two week high of $23.98.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its earnings results on Thursday, November 2nd. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $18.50 million for the quarter, compared to analyst estimates of $17.14 million. Solaris Oilfield Infrastructure had a return on equity of 10.16% and a net margin of 18.84%. The business’s quarterly revenue was down 99.6% on a year-over-year basis. equities analysts anticipate that Solaris Oilfield Infrastructure Inc will post 0.52 earnings per share for the current fiscal year.

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Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.

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

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