Select Water Solutions, Inc. (NYSE:WTTR) Announces Quarterly Dividend of $0.07

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 6th will be given a dividend of 0.07 per share on Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, February 6th.

Select Water Solutions has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Select Water Solutions to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 24.6%.

Select Water Solutions Price Performance

NYSE WTTR opened at $12.35 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1.50 billion, a P/E ratio of 65.00 and a beta of 0.98. The firm’s fifty day simple moving average is $10.82 and its two-hundred day simple moving average is $10.15. Select Water Solutions has a 12-month low of $7.20 and a 12-month high of $14.42.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $322.24 million for the quarter, compared to the consensus estimate of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts forecast that Select Water Solutions will post 0.91 EPS for the current fiscal year.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 211,118 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $11.15, for a total value of $2,353,965.70. Following the completion of the transaction, the chief executive officer directly owned 32,687 shares in the company, valued at $364,460.05. The trade was a 86.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 443,187 shares of company stock valued at $4,927,971 over the last three months. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Select Water Solutions by 160.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after acquiring an additional 1,610 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Select Water Solutions in the 3rd quarter valued at $29,000. State of Alaska Department of Revenue acquired a new stake in shares of Select Water Solutions in the third quarter valued at about $33,000. Osaic Holdings Inc. lifted its stake in shares of Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after buying an additional 1,830 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in Select Water Solutions by 2,704.0% during the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock worth $60,000 after acquiring an additional 5,408 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

About Select Water Solutions

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.