Cullen Capital Management LLC Lowers Position in Select Water Solutions, Inc. (NYSE:WTTR)

Cullen Capital Management LLC decreased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 3.8% in the 4th quarter, Holdings Channel reports. The firm owned 62,842 shares of the company’s stock after selling 2,463 shares during the period. Cullen Capital Management LLC’s holdings in Select Water Solutions were worth $832,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Parkside Financial Bank & Trust raised its position in Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after purchasing an additional 1,007 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Select Water Solutions by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock valued at $680,000 after purchasing an additional 1,073 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of Select Water Solutions by 6.2% during the 4th quarter. Inspire Advisors LLC now owns 20,751 shares of the company’s stock valued at $275,000 after buying an additional 1,216 shares in the last quarter. Swiss National Bank lifted its position in Select Water Solutions by 0.8% in the 4th quarter. Swiss National Bank now owns 181,900 shares of the company’s stock worth $2,408,000 after buying an additional 1,400 shares during the last quarter. Finally, Lane Generational LLC boosted its stake in Select Water Solutions by 0.5% in the fourth quarter. Lane Generational LLC now owns 314,929 shares of the company’s stock worth $4,170,000 after buying an additional 1,638 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, January 10th.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the business’s 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 transaction, the chief executive officer now owns 2,825,128 shares in the company, valued at $36,811,417.84. The trade was a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.40% of the stock is currently owned by company insiders.

Select Water Solutions Stock Down 8.6 %

Shares of NYSE:WTTR opened at $8.72 on Friday. The stock has a market capitalization of $1.04 billion, a P/E ratio of 29.05 and a beta of 1.51. The stock’s 50-day moving average price is $11.45 and its 200-day moving average price is $12.33. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 12-month low of $8.50 and a 12-month high of $15.14.

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

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s payout ratio is 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.