Solaris Oilfield Infrastructure, Inc. (SOI) Reaches $21.79 After 9.00% Down Move; Putnam Investments Has Cut 3M Co (MMM) Position

January 15, 2018 - By Ellis Scott

Putnam Investments Llc decreased 3M Co (MMM) stake by 17.63% reported in 2017Q3 SEC filing. Putnam Investments Llc sold 2,077 shares as 3M Co (MMM)’s stock rose 7.02%. The Putnam Investments Llc holds 9,701 shares with $2.04M value, down from 11,778 last quarter. 3M Co now has $145.61 billion valuation. The stock increased 0.89% or $2.16 during the last trading session, reaching $244.47. About 1.97M shares traded or 0.36% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since January 15, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

The stock of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) is a huge mover today! The stock decreased 2.77% or $0.62 during the last trading session, reaching $21.79. About 626,535 shares traded or 49.42% up from the average. Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) has 0.00% since January 15, 2017 and is . It has underperformed by 16.70% the S&P500.The move comes after 7 months negative chart setup for the $1.02B company. It was reported on Jan, 15 by Barchart.com. We have $19.83 PT which if reached, will make NYSE:SOI worth $91.53 million less.

Analysts await Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) to report earnings on February, 1. SOI’s profit will be $9.33 million for 27.24 P/E if the $0.20 EPS becomes a reality. After $0.12 actual earnings per share reported by Solaris Oilfield Infrastructure, Inc. for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

Solaris Oilfield Infrastructure LLC distributes gas and oil equipments and offers related services to companies engaged in the drilling and completion of gas and oil wells. The company has market cap of $1.02 billion.

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 71 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, July 10 by RBC Capital Markets. Citigroup maintained 3M Company (NYSE:MMM) rating on Wednesday, October 25. Citigroup has “Buy” rating and $262 target. Stifel Nicolaus maintained the shares of MMM in report on Wednesday, July 19 with “Hold” rating. As per Tuesday, September 26, the company rating was maintained by Jefferies. RBC Capital Markets maintained 3M Company (NYSE:MMM) on Friday, October 23 with “Underperform” rating. Jefferies maintained the shares of MMM in report on Thursday, December 14 with “Buy” rating. Morgan Stanley maintained 3M Company (NYSE:MMM) rating on Wednesday, March 30. Morgan Stanley has “Underweight” rating and $157 target. As per Tuesday, August 25, the company rating was maintained by Deutsche Bank. As per Tuesday, March 15, the company rating was maintained by Credit Suisse. The rating was maintained by Credit Suisse on Wednesday, October 25 with “Outperform”.

Since August 11, 2017, it had 0 insider purchases, and 8 insider sales for $5.40 million activity. 400 shares valued at $92,023 were sold by Lindekugel Jon T on Tuesday, October 31. $351,708 worth of stock was sold by Little Frank R Jr. on Friday, October 27. 2,348 shares valued at $547,377 were sold by Fong Ivan K on Friday, October 27. THULIN INGE G sold $1.59M worth of stock. Keel Paul A sold 4,965 shares worth $1.02M. Hammes Eric D. also sold $295,106 worth of 3M Company (NYSE:MMM) shares. Shares for $936,291 were sold by Gangestad Nicholas C on Friday, October 27.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.02 EPS, up 7.45% or $0.14 from last year’s $1.88 per share. MMM’s profit will be $1.20B for 30.26 P/E if the $2.02 EPS becomes a reality. After $2.33 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts -13.30% negative EPS growth.

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