Select Water Solutions, Inc. (NYSE:WTTR) Stock to Pay Quarterly Dividend of $0.07

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.07 per share on Wednesday, November 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 13th.

Select Water Solutions has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Select Water Solutions to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 44.4%.

Select Water Solutions Stock Performance

Shares of WTTR stock opened at $19.96 on Friday. The stock has a 50 day simple moving average of $19.64 and a 200-day simple moving average of $17.29. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 71.29 and a beta of 1.01. Select Water Solutions has a 12-month low of $9.28 and a 12-month high of $22.55.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Select Water Solutions had a return on equity of 3.11% and a net margin of 2.24%. The business had revenue of $395.81 million during the quarter, compared to analysts’ expectations of $373.33 million. During the same quarter last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Select Water Solutions will post 0.55 EPS for the current year.

Institutional Trading of Select Water Solutions

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Select Water Solutions by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 6,550,309 shares of the company’s stock worth $100,220,000 after purchasing an additional 185,821 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in Select Water Solutions by 30.4% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,330,000 shares of the company’s stock valued at $26,321,000 after buying an additional 310,000 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its position in Select Water Solutions by 1.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,528,895 shares of the company’s stock worth $23,392,000 after acquiring an additional 27,704 shares during the last quarter. Empowered Funds LLC boosted its holdings in Select Water Solutions by 6.2% during the first quarter. Empowered Funds LLC now owns 574,438 shares of the company’s stock valued at $8,789,000 after acquiring an additional 33,614 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Select Water Solutions by 100.0% during the 1st quarter. Sei Investments Co. now owns 422,854 shares of the company’s stock worth $6,470,000 after purchasing an additional 211,421 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Company Profile

Select Water Solutions, Inc provides water management and environmental services to the North American oil and gas industry. The company helps exploration and production companies source, transport, store, treat, recycle and dispose of water used in drilling and hydraulic fracturing operations.

Its services include freshwater sourcing and transfer, produced-water gathering and recycling, water infrastructure construction and management, well testing, and wastewater disposal. Select Water Solutions also provides water-treatment solutions and related equipment designed to support more efficient water use and reduce the environmental impact of oilfield operations.

Formerly known as Select Energy Services, the company adopted the Select Water Solutions name in 2023 to reflect its broader focus on water and environmental services.