Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) major shareholder Solaris Energy Capital, Llc sold 1,071,804 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total value of $16,119,932.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Solaris Oilfield Infrastructure, Inc. (NYSE SOI) traded up $0.30 during trading hours on Friday, hitting $15.27. The stock had a trading volume of 193,576 shares, compared to its average volume of 264,323. Solaris Oilfield Infrastructure, Inc. has a 52-week low of $9.90 and a 52-week high of $18.42. The company has a quick ratio of 6.78, a current ratio of 7.44 and a debt-to-equity ratio of 0.06.

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

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Several research firms recently weighed in on SOI. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Friday, September 29th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $16.00 price objective (up from $15.00) on shares of Solaris Oilfield Infrastructure in a research report on Thursday, August 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $19.00 target price on shares of Solaris Oilfield Infrastructure in a research note on Sunday, November 5th. Johnson Rice reaffirmed a “buy” rating and issued a $19.00 target price on shares of Solaris Oilfield Infrastructure in a research note on Monday, September 11th. Finally, Raymond James Financial, Inc. lowered Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.68.

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of Solaris Oilfield Infrastructure during the third quarter valued at approximately $748,000. Ashburton Jersey Ltd purchased a new stake in shares of Solaris Oilfield Infrastructure during the third quarter valued at approximately $789,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Solaris Oilfield Infrastructure during the third quarter valued at approximately $187,000. ClariVest Asset Management LLC purchased a new stake in shares of Solaris Oilfield Infrastructure during the third quarter valued at approximately $146,000. Finally, Sei Investments Co. purchased a new stake in shares of Solaris Oilfield Infrastructure during the third quarter valued at approximately $152,000. 58.69% of the stock is owned by hedge funds and other institutional investors.

About Solaris Oilfield Infrastructure

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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