DFT Energy LP reduced its position in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 23.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the mining company’s stock after selling 30,000 shares during the period. U.S. Silica Holdings comprises 3.0% of DFT Energy LP’s holdings, making the stock its 16th largest position. DFT Energy LP owned 0.12% of U.S. Silica Holdings worth $3,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tyers Asset Management LLC raised its stake in U.S. Silica Holdings by 11.0% in the first quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock valued at $108,000 after buying an additional 224 shares in the last quarter. Elkfork Partners LLC raised its stake in U.S. Silica Holdings by 11.0% in the first quarter. Elkfork Partners LLC now owns 3,102 shares of the mining company’s stock valued at $149,000 after buying an additional 308 shares in the last quarter. Creative Planning raised its stake in U.S. Silica Holdings by 4.9% in the first quarter. Creative Planning now owns 3,332 shares of the mining company’s stock valued at $160,000 after buying an additional 156 shares in the last quarter. Roble Belko & Company Inc bought a new stake in U.S. Silica Holdings during the first quarter valued at $177,000. Finally, Meadow Creek Investment Management LLC raised its stake in U.S. Silica Holdings by 11.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,948 shares of the mining company’s stock valued at $190,000 after buying an additional 392 shares in the last quarter.

U.S. Silica Holdings, Inc. (NYSE:SLCA) traded up 0.40% during mid-day trading on Thursday, hitting $27.56. 441,610 shares of the stock traded hands. U.S. Silica Holdings, Inc. has a 52-week low of $24.26 and a 52-week high of $61.49. The firm has a market cap of $2.24 billion, a P/E ratio of 157.49 and a beta of 2.33. The firm’s 50-day moving average is $28.29 and its 200 day moving average is $39.59.

U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The company had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $316.43 million. During the same period last year, the business posted ($0.17) earnings per share. The firm’s revenue was up 148.3% compared to the same quarter last year. Equities analysts predict that U.S. Silica Holdings, Inc. will post $1.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a yield of 0.92%. U.S. Silica Holdings’s dividend payout ratio (DPR) is 192.31%.

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Several analysts have recently weighed in on the stock. Evercore ISI assumed coverage on shares of U.S. Silica Holdings in a research note on Thursday, May 25th. They issued an “outperform” rating and a $48.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price objective on shares of U.S. Silica Holdings in a research note on Friday, May 26th. Zacks Investment Research lowered shares of U.S. Silica Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Wolfe Research lowered shares of U.S. Silica Holdings from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $47.00 to $38.00 in a research note on Tuesday, June 6th. Finally, Goldman Sachs Group Inc lifted their price objective on shares of U.S. Silica Holdings from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have issued a buy rating to the stock. U.S. Silica Holdings currently has an average rating of “Buy” and an average price target of $52.18.

U.S. Silica Holdings Company Profile

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

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Institutional Ownership by Quarter for U.S. Silica Holdings (NYSE:SLCA)

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