Select Water Solutions, Inc. (NYSE:WTTR – Get Free Report) Director Richard Alan Burnett sold 45,316 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $18.74, for a total value of $849,221.84. Following the transaction, the director directly owned 71,578 shares in the company, valued at approximately $1,341,371.72. This trade represents a 38.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Richard Alan Burnett also recently made the following trade(s):
- On Thursday, May 14th, Richard Alan Burnett sold 19,684 shares of Select Water Solutions stock. The shares were sold at an average price of $18.73, for a total value of $368,681.32.
Select Water Solutions Trading Up 2.4%
WTTR stock opened at $20.03 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.76. The company has a fifty day moving average price of $15.81 and a two-hundred day moving average price of $13.07. Select Water Solutions, Inc. has a one year low of $7.82 and a one year high of $20.18. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 95.37 and a beta of 0.99.
Select Water Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, April 30th. Select Water Solutions’s payout ratio is 133.33%.
Institutional Trading of Select Water Solutions
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Select Water Solutions by 56.4% during the fourth quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock worth $81,278,000 after purchasing an additional 2,786,172 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Select Water Solutions by 2.9% during 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 during the last quarter. Vanguard Group Inc. grew its holdings in shares of Select Water Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock worth $67,319,000 after purchasing an additional 15,800 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Select Water Solutions by 16.0% during the third quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock worth $54,802,000 after purchasing an additional 705,612 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Select Water Solutions by 6.5% in the third quarter. American Century Companies Inc. now owns 3,899,603 shares of the company’s stock valued at $41,687,000 after acquiring an additional 238,898 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
WTTR has been the subject of a number of research reports. Raymond James Financial reissued a “strong-buy” rating and set a $24.00 target price on shares of Select Water Solutions in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a report on Wednesday, April 8th. Piper Sandler lifted their target price on Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday. Northland Securities set a $21.00 target price on Select Water Solutions in a report on Thursday, May 7th. Finally, Citigroup lifted their target price on Select Water Solutions from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Select Water Solutions presently has a consensus rating of “Buy” and a consensus price target of $22.50.
Read Our Latest Research Report on WTTR
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.
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