Key Points
- CEO John Schmitz sold 33,916 shares of Select Water Solutions on Feb. 9 at an average price of $13.03 for about $441,925, reducing his ownership by 11.98% to 249,243 shares valued near $3.25M.
- The Feb. 9 sale is part of a string of recent insider sales by Schmitz, including 211,118 shares on Dec. 4 (~$2.35M), 70,375 shares on Dec. 5 (~$788.9K), 16,841 shares on Feb. 6 (~$219.1K) and 9,521 shares on Nov. 12 (~$105.1K).
- Select Water Solutions also announced a quarterly dividend of $0.07 per share (annualized $0.28) for a yield of 2.2%, with a reported payout ratio of 147.37%.
Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) CEO John Schmitz sold 16,841 shares of Select Water Solutions stock in a transaction on Friday, February 6th. The stock was 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 directly owned 283,159 shares of the company's stock, valued at $3,683,898.59. The trade was a 5.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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 shares were 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 value 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 Price Performance
Shares of NYSE:WTTR opened at $12.73 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.54 billion, a PE ratio of 67.00 and a beta of 1.03. The firm's 50 day moving average price is $11.41 and its 200-day moving average price is $10.40. Select Water Solutions, Inc. has a twelve month low of $7.20 and a twelve month high of $13.50.
Select Water Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Friday, February 6th will be given a $0.07 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.28 annualized dividend and a yield of 2.2%. Select Water Solutions's dividend payout ratio (DPR) is presently 147.37%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in Select Water Solutions by 10.1% during the first quarter. Royal Bank of Canada now owns 531,681 shares of the company's stock valued at $5,582,000 after buying an additional 48,896 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Select Water Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,221 shares of the company's stock worth $569,000 after acquiring an additional 2,356 shares during the last quarter. Millennium Management LLC increased its stake in Select Water Solutions by 466.8% during the 1st quarter. Millennium Management LLC now owns 974,821 shares of the company's stock valued at $10,236,000 after purchasing an additional 802,833 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Select Water Solutions by 5,584.0% in the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company's stock valued at $75,000 after acquiring an additional 6,980 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Select Water Solutions by 90.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company's stock valued at $12,726,000 after purchasing an additional 576,660 shares during the period. Hedge funds and other institutional investors own 81.73% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on WTTR shares. Wall Street Zen upgraded Select Water Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, December 27th. Raymond James Financial reiterated a "strong-buy" rating and set a $16.00 price objective on shares of Select Water Solutions in a research report on Wednesday, November 5th. Weiss Ratings reissued 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 report on Thursday, December 18th. Finally, Northland Securities downgraded Select Water Solutions from an "outperform" rating to a "market perform" rating and set a $12.00 price target for the company. in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $14.00.
Check Out Our Latest Research Report on WTTR
About Select Water Solutions
(
Get Free Report)
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.
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