Cullen Capital Management LLC Sells 2,463 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Cullen Capital Management LLC lowered its position in Select Water Solutions, Inc. (NYSE:WTTR) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,842 shares of the company’s stock after selling 2,463 shares during the period. Cullen Capital Management LLC owned about 0.05% of Select Water Solutions worth $832,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Select Water Solutions by 42.3% during the third quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company’s stock valued at $553,000 after acquiring an additional 14,777 shares during the last quarter. FMR LLC grew its stake in Select Water Solutions by 51.9% in the 3rd quarter. FMR LLC now owns 3,728,787 shares of the company’s stock valued at $41,501,000 after purchasing an additional 1,274,600 shares during the period. Barclays PLC increased its position in shares of Select Water Solutions by 319.3% during the 3rd quarter. Barclays PLC now owns 140,648 shares of the company’s stock valued at $1,565,000 after purchasing an additional 107,107 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Select Water Solutions by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock worth $23,683,000 after purchasing an additional 155,091 shares during the period. Finally, SkyView Investment Advisors LLC boosted its holdings in shares of Select Water Solutions by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock worth $680,000 after buying an additional 1,073 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised 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.

Select Water Solutions Price Performance

Shares of NYSE WTTR opened at $8.72 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $12.33. Select Water Solutions, Inc. has a 1-year low of $8.50 and a 1-year high of $15.14. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 29.05 and a beta of 1.51.

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

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 annualized dividend and a dividend yield of 3.21%. Select Water Solutions’s payout ratio is 93.33%.

Insider Activity

In other news, CEO John Schmitz sold 73,450 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at $36,811,417.84. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.