Investors Buy Large Volume of Call Options on XPLR Infrastructure (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) saw unusually large options trading on Wednesday. Investors purchased 6,854 call options on the company. This is an increase of 121% compared to the average volume of 3,095 call options.

Institutional Trading of XPLR Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in XPLR Infrastructure in the 4th quarter worth approximately $21,449,000. Redwood Grove Capital LLC lifted its stake in shares of XPLR Infrastructure by 19.7% in the third quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock worth $27,129,000 after buying an additional 161,436 shares during the last quarter. abrdn plc boosted its holdings in shares of XPLR Infrastructure by 15.3% during the 4th quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock worth $17,242,000 after buying an additional 130,000 shares during the period. Rockefeller Capital Management L.P. grew its stake in XPLR Infrastructure by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider’s stock valued at $17,417,000 after buying an additional 46,728 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in XPLR Infrastructure in the 3rd quarter worth $15,310,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Stock Down 2.7 %

Shares of XPLR Infrastructure stock opened at $9.55 on Thursday. The firm has a market cap of $897.34 million, a price-to-earnings ratio of -95.50 and a beta of 1.13. The stock has a 50-day simple moving average of $10.47 and a 200-day simple moving average of $17.16. XPLR Infrastructure has a 52-week low of $7.97 and a 52-week high of $35.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. On average, equities research analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Scotiabank dropped their price target on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley restated an “underweight” rating and set a $13.00 price target (down previously from $22.00) on shares of XPLR Infrastructure in a report on Monday, February 3rd. Barclays decreased their price objective on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Finally, BNP Paribas raised XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.27.

XPLR Infrastructure Company Profile

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.