Viking Fund Management LLC raised its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 658,000 shares of the mining company’s stock after buying an additional 43,000 shares during the period. U.S. Silica Holdings comprises 3.6% of Viking Fund Management LLC’s investment portfolio, making the stock its 3rd largest position. Viking Fund Management LLC’s holdings in U.S. Silica Holdings were worth $23,352,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Howard Hughes Medical Institute purchased a new stake in shares of U.S. Silica Holdings during the first quarter valued at $106,000. Tyers Asset Management LLC increased its stake in shares of 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. Welch Group LLC purchased a new stake in shares of U.S. Silica Holdings during the first quarter valued at $113,000. Elkfork Partners LLC increased its stake in shares of 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. Finally, Creative Planning increased its stake in shares of 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.
Shares of U.S. Silica Holdings, Inc. (SLCA) traded down 4.13% during trading on Friday, hitting $30.40. 1,834,379 shares of the stock traded hands. The company’s market cap is $2.47 billion. The company has a 50 day moving average of $34.46 and a 200-day moving average of $45.16. U.S. Silica Holdings, Inc. has a 1-year low of $30.30 and a 1-year high of $61.49.
U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings results on Monday, April 24th. The mining company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The business had revenue of $244.80 million for the quarter, compared to the consensus estimate of $236.88 million. U.S. Silica Holdings had a negative net margin of 4.07% and a negative return on equity of 1.94%. The firm’s quarterly revenue was up 99.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS. On average, equities analysts anticipate that U.S. Silica Holdings, Inc. will post $1.63 EPS for the current fiscal year.
The firm also recently announced a dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Tuesday, June 13th. U.S. Silica Holdings’s payout ratio is presently -59.52%.
Several analysts recently weighed in on the stock. Scotiabank set a $76.00 price objective on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Saturday, April 1st. Barclays PLC set a $56.00 price objective on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Saturday, March 25th. Royal Bank Of Canada set a $60.00 price objective on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Saturday, July 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $42.00 price objective (down from $65.00) on shares of U.S. Silica Holdings in a research report on Thursday. Finally, ValuEngine downgraded shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $55.25.
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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