John Schmitz Sells 26,550 Shares of Select Water Solutions, Inc. (NYSE:WTTR) Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total transaction of $349,398.00. Following the sale, the chief executive officer now owns 2,898,578 shares in the company, valued at approximately $38,145,286.48. This represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Select Water Solutions Price Performance

Shares of NYSE WTTR opened at $13.13 on Friday. Select Water Solutions, Inc. has a fifty-two week low of $7.60 and a fifty-two week high of $15.14. The firm’s 50-day simple moving average is $13.38 and its 200 day simple moving average is $12.38. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.57 billion, a P/E ratio of 22.26 and a beta of 1.73.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.13%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is presently 47.46%.

Institutional Investors Weigh In On Select Water Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP raised its position in Select Water Solutions by 21.9% in the fourth quarter. First Trust Advisors LP now owns 6,828,596 shares of the company’s stock worth $90,411,000 after acquiring an additional 1,226,061 shares in the last quarter. Victory Capital Management Inc. raised its position in Select Water Solutions by 1.3% in the third quarter. Victory Capital Management Inc. now owns 3,818,016 shares of the company’s stock worth $42,495,000 after acquiring an additional 47,511 shares in the last quarter. FMR LLC raised its position in Select Water Solutions by 51.9% in the third quarter. FMR LLC now owns 3,728,787 shares of the company’s stock worth $41,501,000 after acquiring an additional 1,274,600 shares in the last quarter. American Century Companies Inc. raised its position in Select Water Solutions by 12.6% in the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company’s stock worth $42,033,000 after acquiring an additional 355,271 shares in the last quarter. Finally, Webs Creek Capital Management LP raised its position in Select Water Solutions by 5.4% in the fourth quarter. Webs Creek Capital Management LP now owns 2,354,742 shares of the company’s stock worth $31,177,000 after acquiring an additional 120,966 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, January 10th.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.