John Schmitz Sells 33,916 Shares of Select Water Solutions (NYSE:WTTR) Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 33,916 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $13.03, for a total transaction of $441,925.48. Following the completion of the sale, the chief executive officer directly owned 249,243 shares of the company’s stock, valued at approximately $3,247,636.29. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, February 6th, John Schmitz sold 16,841 shares of Select Water Solutions stock. The shares were sold at an average price of $13.01, for a total transaction of $219,101.41.
• On Friday, December 5th, John Schmitz sold 70,375 shares of Select Water Solutions stock. The shares were 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 stock was 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 value of $105,111.84.

Select Water Solutions Price Performance

Shares of WTTR stock opened at $12.98 on Thursday. Select Water Solutions, Inc. has a twelve month low of $7.20 and a twelve month high of $13.50. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $11.44 and a two-hundred day simple moving average of $10.42. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 68.33 and a beta of 1.03.

Select Water Solutions Dividend Announcement

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

Institutional Investors Weigh In On Select Water Solutions

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Select Water Solutions by 10.1% in the 1st quarter. Royal Bank of Canada now owns 531,681 shares of the company’s stock worth $5,582,000 after acquiring an additional 48,896 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Select Water Solutions by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,221 shares of the company’s stock valued at $569,000 after purchasing an additional 2,356 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Select Water Solutions by 466.8% in the first 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 during the period. Jones Financial Companies Lllp raised its stake in shares of Select Water Solutions by 5,584.0% in the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after purchasing an additional 6,980 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake 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 worth $12,726,000 after purchasing an additional 576,660 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $16.00 price objective on shares of Select Water Solutions in a report on Wednesday, November 5th. Piper Sandler set a $14.00 price target on Select Water Solutions in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Northland Securities downgraded shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a report on Thursday, November 13th. One equities 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Select Water Solutions Company Profile

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.