Webs Creek Capital Management LP Has $31.18 Million Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

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

A number of other institutional investors and hedge funds have also modified their holdings of WTTR. Barclays PLC boosted its holdings in shares of Select Water Solutions by 319.3% in the third quarter. Barclays PLC now owns 140,648 shares of the company's stock valued at $1,565,000 after buying an additional 107,107 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Select Water Solutions by 7.9% in the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock valued at $23,683,000 after buying an additional 155,091 shares during the period. SkyView Investment Advisors LLC boosted its holdings in shares of Select Water Solutions by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock valued at $680,000 after buying an additional 1,073 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Select Water Solutions in the third quarter valued at approximately $483,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Select Water Solutions by 32.4% in the third quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company's stock worth $14,981,000 after purchasing an additional 329,353 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 research report on Friday, January 10th.

Select Water Solutions Stock Performance

Shares of NYSE:WTTR traded down $0.14 during trading on Tuesday, reaching $8.76. 313,709 shares of the stock were exchanged, compared to its average volume of 1,393,907. Select Water Solutions, Inc. has a 12 month low of $7.58 and a 12 month high of $15.14. The firm has a market cap of $1.04 billion, a PE ratio of 29.20 and a beta of 1.51. The stock has a 50-day moving average price of $9.81 and a 200-day moving average price of $11.97. 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 (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). Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The firm had revenue of $349.05 million for the quarter, compared to the consensus estimate of $333.62 million. Research analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be given a $0.07 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.20%. Select Water Solutions's payout ratio is 93.33%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the transaction, the chief executive officer now directly owns 2,825,128 shares in the company, valued at $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.40% of the company's stock.

Select Water Solutions 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.