Select Water Solutions, Inc. (NYSE:WTTR) Shares Acquired by Webs Creek Capital Management LP

Webs Creek Capital Management LP increased its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,354,742 shares of the company's stock after purchasing an additional 120,966 shares during the period. Select Water Solutions accounts for 7.5% of Webs Creek Capital Management LP's portfolio, making the stock its 8th largest position. Webs Creek Capital Management LP owned approximately 1.97% of Select Water Solutions worth $31,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WTTR. First Trust Advisors LP lifted its stake in Select Water Solutions by 21.9% in the fourth quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock valued at $90,411,000 after buying an additional 1,226,061 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Select Water Solutions by 12.6% in the 4th quarter. American Century Companies Inc. now owns 3,174,675 shares of the company's stock worth $42,033,000 after acquiring an additional 355,271 shares during the period. Geode Capital Management LLC lifted its position in Select Water Solutions by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock valued at $23,683,000 after purchasing an additional 155,091 shares during the last quarter. Boston Partners boosted its stake in Select Water Solutions by 4.3% during the 4th quarter. Boston Partners now owns 2,000,352 shares of the company's stock valued at $26,647,000 after purchasing an additional 81,746 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Select Water Solutions by 27.4% during the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock valued at $26,456,000 after purchasing an additional 430,363 shares during the period. Institutional investors and hedge funds own 81.73% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO John Schmitz sold 73,450 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now owns 2,825,128 shares of the company's stock, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.40% of the company's stock.

Select Water Solutions Stock Performance

WTTR stock traded down $0.03 during trading on Friday, reaching $8.83. 559,095 shares of the company's stock were exchanged, compared to its average volume of 1,098,288. Select Water Solutions, Inc. has a 1-year low of $7.58 and a 1-year high of $15.14. The firm has a market cap of $1.05 billion, a PE ratio of 29.43 and a beta of 1.51. The company's fifty day moving average price is $9.88 and its 200-day moving average price is $11.99. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). The company had revenue of $349.05 million for the quarter, compared to the consensus estimate of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. On average, research analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, May 6th. Select Water Solutions's dividend payout ratio is currently 93.33%.

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.