Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 103.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,966 shares of the company’s stock after acquiring an additional 179,096 shares during the period. AQR Capital Management LLC owned approximately 0.80% of Solaris Oilfield Infrastructure worth $3,020,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SOI. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Solaris Oilfield Infrastructure by 161.8% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,861 shares of the company’s stock valued at $50,000 after buying an additional 3,622 shares during the last quarter. CWM LLC lifted its holdings in Solaris Oilfield Infrastructure by 377.0% in the 2nd quarter. CWM LLC now owns 6,664 shares of the company’s stock valued at $57,000 after purchasing an additional 5,267 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Solaris Oilfield Infrastructure by 14.1% during the 1st quarter. First Hawaiian Bank now owns 11,949 shares of the company’s stock worth $104,000 after purchasing an additional 1,480 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Solaris Oilfield Infrastructure by 19.3% in the 2nd quarter. Hsbc Holdings PLC now owns 13,960 shares of the company’s stock valued at $120,000 after buying an additional 2,258 shares during the period. Finally, Virtu Financial LLC purchased a new position in Solaris Oilfield Infrastructure during the fourth quarter worth approximately $204,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Oilfield Infrastructure Stock Performance

NYSE SOI opened at $11.32 on Tuesday. Solaris Oilfield Infrastructure, Inc. has a 1-year low of $6.59 and a 1-year high of $13.56. The business’s 50-day simple moving average is $12.06 and its 200-day simple moving average is $9.84. The firm has a market capitalization of $498.31 million, a P/E ratio of 16.65 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 1.10.

Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company 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%. Equities analysts predict that Solaris Oilfield Infrastructure, Inc. will post 0.57 EPS for the current year.

Solaris Oilfield Infrastructure Announces Dividend

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

Solaris Oilfield Infrastructure Company Profile

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.