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 the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $13.01, for a total transaction of $219,101.41. Following the completion of the transaction, the chief executive officer owned 283,159 shares in the company, valued at $3,683,898.59. The trade was a 5.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction 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 transaction 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 Stock Down 4.7%

Shares of NYSE WTTR opened at $12.38 on Friday. The stock has a fifty day moving average price of $11.46 and a 200 day moving average price of $10.43. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. Select Water Solutions, Inc. has a 12-month low of $7.20 and a 12-month high of $13.50. The company has a market cap of $1.50 billion, a P/E ratio of 65.16 and a beta of 1.03.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Friday, February 6th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, February 6th. Select Water Solutions’s dividend payout ratio is currently 147.37%.

Institutional Trading of Select Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Select Water Solutions by 160.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock worth $28,000 after buying an additional 1,610 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Select Water Solutions during the 3rd quarter valued at approximately $29,000. State of Alaska Department of Revenue bought a new position in Select Water Solutions during the third quarter worth $33,000. Osaic Holdings Inc. boosted its holdings in Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after purchasing an additional 1,830 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Select Water Solutions by 2,704.0% during the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after purchasing an additional 5,408 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Northland Securities cut 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 report on Thursday, November 13th. Piper Sandler set a $14.00 target price on Select Water Solutions in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $16.00 price target on shares of Select Water Solutions in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.