Wells Fargo & Company MN Purchases 173,475 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Wells Fargo & Company MN increased its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 284.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,356 shares of the company's stock after buying an additional 173,475 shares during the quarter. Wells Fargo & Company MN owned 0.20% of Select Water Solutions worth $3,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WTTR. Parkside Financial Bank & Trust raised its stake in shares of Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after purchasing an additional 1,007 shares during the period. Amundi boosted its stake in Select Water Solutions by 83.8% in the fourth quarter. Amundi now owns 9,010 shares of the company's stock valued at $119,000 after acquiring an additional 4,109 shares during the last quarter. Atria Investments Inc bought a new position in shares of Select Water Solutions during the 4th quarter valued at approximately $134,000. Truist Financial Corp purchased a new stake in shares of Select Water Solutions during the 4th quarter worth approximately $134,000. Finally, James Investment Research Inc. bought a new stake in shares of Select Water Solutions in the 4th quarter worth approximately $137,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Stock Performance

Select Water Solutions stock traded down $0.03 during mid-day trading on Friday, reaching $8.83. The company's stock had a trading volume of 559,095 shares, compared to its average volume of 1,098,288. The company has a market capitalization of $1.05 billion, a P/E ratio of 29.43 and a beta of 1.51. The firm's fifty day moving average price is $9.88 and its two-hundred day moving average price is $11.99. Select Water Solutions, Inc. has a 12-month low of $7.58 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 1.65.

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 (EPS) 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 analysts' expectations of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. Sell-side analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, May 6th. Select Water Solutions's dividend payout ratio (DPR) is presently 93.33%.

Insiders Place Their Bets

In other news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the sale, the chief executive officer now owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 8.40% of the company's stock.

Analyst Ratings Changes

Separately, Citigroup raised 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.

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.