The Manufacturers Life Insurance Company raised its stake in Select Energy Services Inc (NYSE:WTTR) by 1,146.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,326 shares of the company’s stock after acquiring an additional 19,615 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Select Energy Services were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. New York State Common Retirement Fund bought a new position in shares of Select Energy Services in the 2nd quarter valued at about $102,000. First Dallas Securities Inc. bought a new position in shares of Select Energy Services in the 4th quarter valued at about $136,000. Strs Ohio boosted its stake in shares of Select Energy Services by 185.2% in the 4th quarter. Strs Ohio now owns 7,700 shares of the company’s stock valued at $140,000 after purchasing an additional 5,000 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Select Energy Services by 117.4% in the 3rd quarter. California State Teachers Retirement System now owns 15,000 shares of the company’s stock valued at $239,000 after purchasing an additional 8,100 shares during the last quarter. Finally, State Street Corp bought a new position in shares of Select Energy Services in the 2nd quarter valued at about $348,000. Hedge funds and other institutional investors own 43.03% of the company’s stock.
WTTR stock opened at $13.08 on Wednesday. The company has a quick ratio of 2.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.04. Select Energy Services Inc has a one year low of $11.22 and a one year high of $21.96. The firm has a market cap of $1,453.68 and a P/E ratio of -25.65.
In other Select Energy Services news, CEO Holli C. Ladhani acquired 29,388 shares of the stock in a transaction dated Wednesday, March 14th. The shares were bought at an average cost of $13.87 per share, for a total transaction of $407,611.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Alan Burnett acquired 2,500 shares of the stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average price of $14.14 per share, for a total transaction of $35,350.00. The disclosure for this purchase can be found here.
WTTR has been the topic of several recent research reports. Wells Fargo reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Select Energy Services in a research note on Tuesday, November 28th. Bank of America reaffirmed a “buy” rating and issued a $20.00 target price on shares of Select Energy Services in a research note on Friday, December 8th. Zacks Investment Research lowered shares of Select Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. B. Riley raised their target price on shares of Select Energy Services from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, ValuEngine lowered shares of Select Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.11.
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About Select Energy Services
Select Energy Services, Inc is a holding company. The Company is provider of total water solutions to the United States unconventional oil and gas industry. The Company is engaged in sourcing and transfer of water prior to its use in drilling and completion activities associated with hydraulic fracturing or fracking, which collectively referrd to as pre-frac water services.
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