John Schmitz Sells 26,550 Shares of Select Water Solutions, Inc. (NYSE:WTTR) Stock

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) CEO John Schmitz sold 26,550 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the sale, the chief executive officer now owns 2,898,578 shares in the company, valued at $38,145,286.48. This 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 accessible through this hyperlink.

Select Water Solutions Trading Up 5.5 %

Shares of WTTR traded up $0.68 during trading hours on Monday, hitting $13.13. The stock had a trading volume of 1,584,107 shares, compared to its average volume of 824,746. The company's fifty day simple moving average is $13.38 and its 200 day simple moving average is $12.38. Select Water Solutions, Inc. has a 12-month low of $7.60 and a 12-month high of $15.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. The firm has a market cap of $1.57 billion, a P/E ratio of 22.26 and a beta of 1.73.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 2.13%. Select Water Solutions's dividend payout ratio (DPR) is 47.46%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Select Water Solutions

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in Select Water Solutions by 128.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock worth $36,000 after purchasing an additional 1,525 shares during the period. GAMMA Investing LLC lifted its stake in shares of Select Water Solutions by 37.9% during the third quarter. GAMMA Investing LLC now owns 4,149 shares of the company's stock worth $46,000 after purchasing an additional 1,141 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Select Water Solutions by 24.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after buying an additional 1,007 shares during the period. New York State Teachers Retirement System grew its stake in shares of Select Water Solutions by 13.8% in the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company's stock valued at $93,000 after buying an additional 1,010 shares in the last quarter. Finally, Amundi raised its holdings in shares of Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company's stock valued at $119,000 after buying an additional 4,109 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Select Water Solutions Company Profile

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.