Select Water Solutions (NYSE:WTTR) CEO Sells $219,101.41 in Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 16,841 shares of Select Water Solutions stock in a transaction on Friday, February 6th. The shares were sold at an average price of $13.01, for a total value of $219,101.41. Following the completion of the sale, the chief executive officer owned 283,159 shares in the company, valued at $3,683,898.59. This represents a 5.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

John Schmitz also recently made the following trade(s):

• On Monday, February 9th, John Schmitz sold 33,916 shares of Select Water Solutions stock. The stock was sold at an average price of $13.03, for a total value of $441,925.48.
• On Friday, December 5th, John Schmitz sold 70,375 shares of Select Water Solutions stock. The stock was sold at an average price of $11.21, for a total value of $788,903.75.
• On Thursday, December 4th, John Schmitz sold 211,118 shares of Select Water Solutions stock. The shares were sold at an average price of $11.15, for a total transaction of $2,353,965.70.
• On Wednesday, November 12th, John Schmitz sold 9,521 shares of Select Water Solutions stock. The shares were sold at an average price of $11.04, for a total transaction of $105,111.84.

Select Water Solutions Trading Down 1.8%

Shares of WTTR traded down $0.23 during trading on Tuesday, reaching $12.73. 505,503 shares of the company traded hands, compared to its average volume of 764,759. The stock has a 50-day simple moving average of $11.41 and a 200-day simple moving average of $10.40. The stock has a market cap of $1.54 billion, a PE ratio of 67.00 and a beta of 1.03. Select Water Solutions, Inc. has a twelve month low of $7.20 and a twelve month high of $13.50. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Friday, February 6th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, February 6th. Select Water Solutions’s dividend payout ratio (DPR) is 147.37%.

Wall Street Analyst Weigh In

WTTR has been the subject of several research analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $16.00 price target on shares of Select Water Solutions in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th. Piper Sandler set a $14.00 price target on shares of Select Water Solutions in a research note on Thursday, December 18th. Northland Securities lowered shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Thursday, November 13th. Finally, Wall Street Zen upgraded shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Hedge Funds Weigh In On Select Water Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in WTTR. ProShare Advisors LLC increased its stake in shares of Select Water Solutions by 8.4% during the fourth quarter. ProShare Advisors LLC now owns 17,299 shares of the company’s stock worth $182,000 after buying an additional 1,336 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Select Water Solutions by 2.5% in the third quarter. CANADA LIFE ASSURANCE Co now owns 64,258 shares of the company’s stock worth $686,000 after acquiring an additional 1,541 shares during the last quarter. Legato Capital Management LLC grew its holdings in Select Water Solutions by 1.7% during the 3rd quarter. Legato Capital Management LLC now owns 97,358 shares of the company’s stock worth $1,041,000 after acquiring an additional 1,587 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Select Water Solutions by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Select Water Solutions by 10.4% in the 2nd quarter. Profund Advisors LLC now owns 17,730 shares of the company’s stock valued at $153,000 after purchasing an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

About Select Water Solutions

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.