Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Sees Significant Decline in Short Interest

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

Solaris Oilfield Infrastructure Stock Down 0.9 %

NYSE:SOI traded down $0.10 during trading hours on Monday, reaching $11.32. The company had a trading volume of 415,100 shares, compared to its average volume of 386,486. The company has a quick ratio of 1.10, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. The firm has a market cap of $498.31 million, a price-to-earnings ratio of 16.65 and a beta of 1.21. The business’s 50-day simple moving average is $11.82 and its two-hundred day simple moving average is $9.76. Solaris Oilfield Infrastructure has a twelve month low of $6.59 and a twelve month high of $13.56.

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

Solaris Oilfield Infrastructure Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of Solaris Oilfield Infrastructure by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,468,364 shares of the company’s stock valued at $12,598,000 after buying an additional 70,288 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Solaris Oilfield Infrastructure during the second quarter valued at about $10,488,000. RK Capital Management LLC lifted its position in shares of Solaris Oilfield Infrastructure by 3.8% during the fourth quarter. RK Capital Management LLC now owns 721,200 shares of the company’s stock valued at $5,741,000 after purchasing an additional 26,500 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 31.3% during the second quarter. American Century Companies Inc. now owns 493,940 shares of the company’s stock valued at $4,238,000 after purchasing an additional 117,774 shares in the last quarter. Finally, Element Capital Management LLC bought a new position in shares of Solaris Oilfield Infrastructure during the fourth quarter valued at about $3,902,000. 67.44% of the stock is owned by institutional investors.

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.