Empowered Funds LLC Buys 66,020 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Empowered Funds LLC raised its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 11.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 640,401 shares of the company's stock after purchasing an additional 66,020 shares during the period. Empowered Funds LLC owned 0.54% of Select Water Solutions worth $8,479,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Select Water Solutions by 51.9% in the third quarter. FMR LLC now owns 3,728,787 shares of the company's stock valued at $41,501,000 after buying an additional 1,274,600 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Select Water Solutions by 148.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company's stock worth $12,478,000 after acquiring an additional 669,301 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Select Water Solutions by 32.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company's stock valued at $14,981,000 after purchasing an additional 329,353 shares during the period. Icon Wealth Advisors LLC lifted its stake in shares of Select Water Solutions by 82.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company's stock valued at $7,007,000 after purchasing an additional 284,891 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Select Water Solutions by 46.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company's stock valued at $6,216,000 after purchasing an additional 177,900 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup boosted their price target on Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, January 10th.

Select Water Solutions Stock Up 0.6 %

Shares of WTTR stock traded up $0.08 on Thursday, reaching $12.46. 692,019 shares of the company were exchanged, compared to its average volume of 821,852. Select Water Solutions, Inc. has a one year low of $7.55 and a one year high of $15.14. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 21.12 and a beta of 1.73. The company has a 50-day moving average of $13.40 and a 200-day moving average of $12.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62.

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, February 4th. This represents a $0.28 annualized dividend and a dividend yield of 2.25%. Select Water Solutions's dividend payout ratio is 47.46%.

Insider Transactions at Select Water Solutions

In other news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the transaction, the chief executive officer now directly owns 2,898,578 shares in the company, valued at $38,145,286.48. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.40% of the stock is owned by insiders.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.