Select Water Solutions, Inc. (WTTR) to Issue Quarterly Dividend of $0.07 on August 19th

Select Water Solutions, Inc. (NYSE:WTTR) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 7th will be paid a dividend of 0.07 per share on Wednesday, August 19th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 7th.

Select Water Solutions has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Select Water Solutions to earn $0.63 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 44.4%.

Select Water Solutions Trading Up 0.7%

Select Water Solutions stock opened at $18.50 on Wednesday. Select Water Solutions has a 12 month low of $7.86 and a 12 month high of $21.67. The company has a current ratio of 1.92, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $18.91 and its two-hundred day simple moving average is $16.24. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 88.10 and a beta of 0.99.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The company had revenue of $395.81 million during the quarter, compared to analyst estimates of $373.33 million. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts predict that Select Water Solutions will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Select Water Solutions

In other news, Director Robin H. Fielder sold 27,010 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $16.80, for a total value of $453,768.00. Following the completion of the sale, the director owned 43,315 shares of the company’s stock, valued at $727,692. This trade represents a 38.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Michael Skarke sold 20,000 shares of Select Water Solutions stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $17.78, for a total value of $355,600.00. Following the transaction, the chief operating officer owned 360,738 shares in the company, valued at $6,413,921.64. This represents a 5.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,010 shares of company stock valued at $3,925,971 in the last ninety days. 6.20% of the stock is owned by insiders.

Institutional Trading of Select Water Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in Select Water Solutions by 56.4% during the fourth quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock worth $81,278,000 after purchasing an additional 2,786,172 shares during the period. Alliancebernstein L.P. lifted its holdings in Select Water Solutions by 2,133.9% during the 3rd quarter. Alliancebernstein L.P. now owns 2,131,277 shares of the company’s stock worth $22,783,000 after purchasing an additional 2,035,870 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Select Water Solutions by 124.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,801,488 shares of the company’s stock worth $19,258,000 after purchasing an additional 997,847 shares during the last quarter. Millennium Management LLC boosted its stake in Select Water Solutions by 466.8% in the 1st quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock valued at $10,236,000 after purchasing an additional 802,833 shares during the period. Finally, Encompass Capital Advisors LLC boosted its stake in Select Water Solutions by 31.5% in the 4th quarter. Encompass Capital Advisors LLC now owns 3,118,824 shares of the company’s stock valued at $32,810,000 after purchasing an additional 746,534 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Company Profile

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.