Voya Investment Management LLC acquired a new position in Solaris Oilfield Infrastructure Inc (NYSE:SOI) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,678 shares of the company’s stock, valued at approximately $153,000.

A number of other hedge funds have also recently modified their holdings of SOI. US Bancorp DE lifted its holdings in Solaris Oilfield Infrastructure by 847.1% in the 2nd quarter. US Bancorp DE now owns 13,875 shares of the company’s stock worth $199,000 after buying an additional 12,410 shares in the last quarter. Violich Capital Management Inc. lifted its holdings in Solaris Oilfield Infrastructure by 36.4% in the 2nd quarter. Violich Capital Management Inc. now owns 14,530 shares of the company’s stock worth $208,000 after buying an additional 3,880 shares in the last quarter. Keybank National Association OH acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $216,000. BB&T Securities LLC acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth $240,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in Solaris Oilfield Infrastructure by 25.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 17,853 shares of the company’s stock worth $296,000 after buying an additional 3,645 shares in the last quarter. Hedge funds and other institutional investors own 77.57% of the company’s stock.

A number of brokerages have commented on SOI. Zacks Investment Research upgraded shares of Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a report on Tuesday, August 7th. ValuEngine lowered shares of Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Piper Jaffray Companies set a $22.00 target price on shares of Solaris Oilfield Infrastructure and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Stifel Nicolaus assumed coverage on shares of Solaris Oilfield Infrastructure in a research note on Monday, September 10th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Seaport Global Securities restated a “buy” rating on shares of Solaris Oilfield Infrastructure in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $22.17.

Shares of Solaris Oilfield Infrastructure stock opened at $15.60 on Friday. The stock has a market capitalization of $751.68 million, a PE ratio of 32.50 and a beta of 0.23. The company has a current ratio of 2.26, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Solaris Oilfield Infrastructure Inc has a 1 year low of $12.97 and a 1 year high of $23.98.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its earnings results on Thursday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $47.20 million for the quarter, compared to analyst estimates of $44.85 million. Solaris Oilfield Infrastructure had a net margin of 15.78% and a return on equity of 18.91%. The company’s revenue for the quarter was up 252.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. Sell-side analysts forecast that Solaris Oilfield Infrastructure Inc will post 1.76 earnings per share for the current year.

In other news, Director James R. Burke sold 7,170 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $16.67, for a total value of $119,523.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 14.44% of the company’s stock.

Solaris Oilfield Infrastructure Profile

Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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